72-2-120 - Tollway Special Revenue Fund -- Revenue -- Nonlapsing.
72-2-120. Tollway Special Revenue Fund -- Revenue -- Nonlapsing.
(1) There is created a special revenue fund within the Transportation Fund known as the"Tollway Special Revenue Fund."
(2) The fund shall be funded from the following sources:
(a) tolls collected by the department under Section 72-6-118;
(b) funds received by the department through a tollway development agreement underSection 72-6-203;
(c) appropriations made to the fund by the Legislature;
(d) contributions from other public and private sources for deposit into the fund;
(e) interest earnings on cash balances; and
(f) money collected for repayments and interest on fund money.
(3) Money appropriated to the fund is nonlapsing.
(4) The Division of Finance shall create a subaccount for each tollway as defined inSection 72-6-118.
(5) The commission may authorize the money deposited into the fund to be spent by thedepartment to establish and operate tollways and related facilities, including design, construction,reconstruction, operation, maintenance, enforcement, impacts from tollways, and the acquisitionof right-of-way.
Amended by Chapter 278, 2010 General Session