(2) The fund consists of money generated from the following revenue sources:

1. (a) any voluntary contributions received for new construction, major renovations, and improvements to highways within a county of the first class;
2. (b) the portion of the sales and use tax described in Subsection 59-12-2214(3)(b) deposited in or transferred to the fund;
3. (c) the portion of the sales and use tax described in Subsection 59-12-2217(2)(b) and required by Subsection 59-12-2217(8)(b) to be deposited in or transferred to the fund; and
4. (d) a portion of the local option highway construction and transportation corridor preservation fee imposed in a county of the first class under Section 41-1a-1222 deposited in or transferred to the fund.

(3)

1. (a) The fund shall earn interest.
2. (b) All interest earned on fund money shall be deposited into the fund.

(4) The executive director shall use the fund money only:

1. (a) to pay debt service and bond issuance costs for bonds issued under Sections 63B-16-102 and 63B-18-402;
2. (b) for right-of-way acquisition, new construction, major renovations, and improvements to highways within a county of the first class and to pay any debt service and bond issuance costs related to those projects, including improvements to a highway located within a municipality in a county of the first class where the municipality is located within the boundaries of more than a single county;

3. (c) for the construction, acquisition, use, maintenance, or operation of:

   1. (i) an active transportation facility for nonmotorized vehicles;
   2. (ii) multimodal transportation that connects an origin with a destination; or

   3. (iii) a facility that may include a:

      1. (A) pedestrian or nonmotorized vehicle trail;
      2. (B) nonmotorized vehicle storage facility;
      3. (C) pedestrian or vehicle bridge; or
      4. (D) vehicle parking lot or parking structure;
4. (d) for fiscal year 2012-13 only, to pay for or to provide funds to a municipality or county to pay for a portion of right-of-way acquisition, construction, reconstruction, renovations, and improvements to highways described in Subsections 72-2-121.4(7), (8), and (9);
5. (e) to transfer to the 2010 Salt Lake County Revenue Bond Sinking Fund created by Section 72-2-121.3 the amount required in Subsection 72-2-121.3(4)(c) minus the amounts transferred in accordance with Subsection 72-2-124(4)(a)(iv);
6. (f) for a fiscal year beginning on or after July 1, 2013, to pay debt service and bond issuance costs for $30,000,000 of the bonds issued under Section 63B-18-401 for the projects described in Subsection 63B-18-401(4)(a);

7. (g) for a fiscal year beginning on or after July 1, 2013, and after the department has verified that the amount required under Subsection 72-2-121.3(4)(c) is available in the fund, to transfer an amount equal to 50% of the revenue generated by the local option highway construction and transportation corridor preservation fee imposed under Section 41-1a-1222 in a county of the first class:

   1. (i) to the legislative body of a county of the first class; and

   2. (ii) to be used by a county of the first class for:

      1. (A) highway construction, reconstruction, or maintenance projects; or
      2. (B) the enforcement of state motor vehicle and traffic laws;

8. (h) for fiscal year 2015 only, and after the department has verified that the amount required under Subsection 72-2-121.3(4)(c) is available in the fund and the transfer under Subsection (4)(f) has been made, to transfer an amount equal to the remainder of the revenue available in the fund for the 2015 fiscal year:

   1. (i) to the legislative body of a county of the first class; and

   2. (ii) to be used by a county of the first class for:

      1. (A) highway construction, reconstruction, or maintenance projects; or
      2. (B) the enforcement of state motor vehicle and traffic laws;

9. (i) for fiscal year 2015-16 only, and after the department has verified that the amount required under Subsection 72-2-121.3(4)(c) is available in the fund and the transfer under Subsection (4)(f) has been made, to transfer an amount equal to $25,000,000:

   1. (i) to the legislative body of a county of the first class; and
   2. (ii) to be used by the county for the purposes described in this section;
10. (j) for a fiscal year beginning on or after July 1, 2015, after the department has verified that the amount required under Subsection 72-2-121.3(4)(c) is available in the fund and the transfer under Subsection (4)(f) has been made, to annually transfer an amount equal to up to 42.5% of the sales and use tax revenue imposed in a county of the first class and deposited into the fund in accordance with Subsection 59-12-2214(3)(b) to the Transportation Investment Fund of 2005 created in Section 72-2-124 until $28,079,000 has been deposited into the Transportation Investment Fund of 2005;

11. (k) for a fiscal year beginning after the amount described in Subsection (4)(j) has been repaid to the Transportation Investment Fund of 2005 until fiscal year 2030, and after the department has verified that the amount required under Subsection 72-2-121.3(4)(c) is available in the fund and the transfer under Subsection (4)(f) has been made, to annually transfer an amount equal to up to 42.5% of the sales and use tax revenue imposed in a county of the first class and deposited into the fund in accordance with Subsection 59-12-2214(3)(b):

    1. (i) to the legislative body of a county of the first class; and
    2. (ii) to be used by the county for the purposes described in this section.