Full text of Utah Utah Code § 72-2-303 — Loans and assistance -- Authority -- Rulemaking., with citation guidance and answers to common questions.
§ 72-2-303. Loans and assistance -- Authority -- Rulemaking.
Effective 5/7/2025 72-2-303.
Loans and assistance -- Authority -- Rulemaking.
(1)
Money in the fund may be used by the department, as prioritized by the commission or as directed by the Legislature, to make infrastructure loans or to provide infrastructure assistance to any public entity for any purpose consistent with any applicable constitutional limitation.
(2)
In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission shall make rules providing procedures and standards for making infrastructure loans and providing infrastructure assistance and a process for prioritization of requests for loans and assistance.
(3)
The prioritization process, procedures, and standards for making an infrastructure loan or providing infrastructure assistance may include consideration of the following:
(a)
availability of money in the fund;
(b)
credit worthiness of the project;
(c)
demonstration that the project will encourage, enhance, or create economic benefits to the state or political subdivision;
(d)
likelihood that assistance would enable the project to proceed at an earlier date than would otherwise be possible;
(e)
the extent to which assistance would foster innovative public-private partnerships and attract private debt or equity investment;
(f)
demonstration that the project provides a benefit to the state highway system, including safety or mobility improvements;
(g)
the amount of proposed assistance as a percentage of the overall project costs with emphasis on local and private participation;
(h)
demonstration that the project provides intermodal connectivity with public transportation, pedestrian, or nonmotorized transportation facilities;
(i)
improvement of transportation connectivity pursuant to Section 10-8-87; and
(j)
other provisions the commission considers appropriate.
Section 72-2-303 ("Loans and assistance -- Authority -- Rulemaking.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 72-2-303?
A common citation format is "Utah Code § 72-2-303" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 72-2-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
