This bill modifies transportation, infrastructure, and housing provisions.
This bill:
- defines terms;
- creates the State Housing Infrastructure Partnership Fund (fund) and provides for the use of fund money;
- creates the State Housing Infrastructure Partnership Board (infrastructure loan board) and describes the infrastructure loan board's membership and duties;
- requires the Governor's Office of Economic Opportunity to provide staff support to the infrastructure loan board;
- authorizes the infrastructure loan board to make loans from the fund to qualifying political subdivisions to finance system improvements that will facilitate the construction of housing;
- establishes terms and requirements for infrastructure loans awarded by the infrastructure loan board;
- directs the state treasurer to complete a study that analyzes the economic effect of the infrastructure loan program;
- exempts conduct arising from the provision of affordable housing, if the housing benefits are provided to all qualified residents, from certain ethics requirements for public officers;
- modifies the membership of the Affordable Housing Infrastructure Grant Board (grant board) for the provision of affordable housing infrastructure grants;
- limits to owner-occupied the affordable housing for which public entities in certain counties may qualify for an affordable housing infrastructure grant;
- allows the grant board, in relation to awarding affordable housing infrastructure grants, to:
determine whether an owner-occupied dwelling qualifies as an affordable housing unit; andwaive certain preliminary cost estimate requirements;
- increases the maximum amount of bonds the Utah Department of Transportation (department) may authorize for affordable housing infrastructure grants;
- allows the department to use certain local option sales tax revenue to pay for affordable housing infrastructure grants, subject to repayment from bond proceeds;
- diverts a certain portion of revenue from the County of the First Class Highway Projects Fund for revitalization of a convention center;
- establishes expenditure requirements for revenue in the County of the First Class Highway Projects Fund;
- establishes requirements in relation to a public transit hub project for the Cottonwood Canyons;
- reduces the amount of revenue the department may allocate from the Transportation Investment Fund to pay for a certain roadway project;
- establishes the Convention Center Reserves Restricted Account (account);
- requires the Division of Finance to transfer a certain amount of revenue from the Transportation Investment Fund to the account;
- limits the use of money deposited into the account for revitalization of a convention center;
- establishes requirements for the department to coordinate and assist on certain projects, subject to availability of funding;
- allows state agencies to sell surplus real property at pre-entitlement appraised value to certain qualifying entities and defer payment for the purchase of such property;
- addresses the sale or disposal of real property by the department and other state agencies; and
- makes technical and conforming changes.Statutes affected:
Introduced: 59-12-103, 63B-34-101, 72-2-121, 72-2-501, 72-2-503
Substitute #1: 63B-34-101, 72-2-121, 72-2-501, 72-2-503
Substitute #2: 63B-34-101, 72-2-121, 72-2-501, 72-2-503
Substitute #3: 63B-34-101, 72-2-121, 72-2-501, 72-2-503
Substitute #4: 59-12-2214, 59-12-2220, 63B-34-101, 63L-12-102, 67-16-4, 72-2-121, 72-2-124, 72-2-501, 72-2-502, 72-2-503, 72-5-111, 72-5-117, 78B-6-521
Substitute #5: 59-12-2214, 63B-34-101, 63L-12-102, 67-16-4, 72-2-121, 72-2-124, 72-2-501, 72-2-502, 72-2-503, 72-5-111, 72-5-117, 78B-6-521
Enrolled: 59-12-2214, 63B-34-101, 63L-12-102, 67-16-4, 72-2-121, 72-2-124, 72-2-501, 72-2-502, 72-2-503, 72-5-111, 72-5-117, 78B-6-521
Substitute #6: 59-12-2214, 63B-34-101, 63L-12-102, 67-16-4, 72-2-121, 72-2-124, 72-2-501, 72-2-502, 72-2-503, 72-5-111, 72-5-117, 78B-6-521