- (1) There is created within the Transportation Investment Fund of 2005 a subfund known as the "Transportation Infrastructure General Fund Support Subfund."
(2) The subfund consists of:
- (a) appropriations by the Legislature;
- (b) interest earned on the subfund; and
- (c) returns of the amounts of deposit with accrued interest made in accordance with Section 51-12-202.
(3)
- (a) The subfund shall earn interest.
- (b) Interest earned on money in the subfund shall be deposited into the subfund.
(4)
- (a) The state treasurer shall deposit up to $300,000,000 from the subfund in accordance with Title 51, Chapter 12, Utah Homes Investment Program.
- (b) Notwithstanding Subsection (4)(a), the state treasurer may otherwise invest funds described in Subsection (4)(a) if funds are available after qualified projects are approved under Section 51-12-201.
- (5) On June 30, 2028, the Division of Finance shall transfer any balance in the subfund into the Transportation Investment Fund of 2005.
Amended by Chapter 391, 2025 General Session