Utah Administrative Code (Current through November 1, 2019) |
R940. Transportation Commission, Administration |
R940-3. Procedures for Transportation Infrastructure Loan Fund Assistance |
R940-3-3. Commission Responsibilities
Latest version.
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The commission shall:
(a) receive and review all qualified requests for assistance or loans through the fund;
(b) approve assistance or loans provided by the department through the fund;
(c) approve the terms of assistance or loans, including interest rates and repayment;
(d) prioritize requests for assistance or loans based on:
(i) the availability of monies in the fund;
(ii) the merits of each qualified request as determined by the commission including, but not limited to, the ability to repay the loan, management of the project, the need for the transportation project and the public benefit.