Utah Administrative Code
Topic - Transportation Commission
Title R940 - Administration
Rule R940-7 - Marda Dillree Corridor Preservation Fund
Section R940-7-7 - Repayment Conditions

The commission may determine a loan repayment schedule. All corridor preservation loans shall be paid back according to the approved loan repayment schedule or the earlier of when the remainder of the right of way has been acquired, or when the project has been advertised for construction. If the commission determines an alignment for a transportation project is not feasible and property for the alignment was purchased under this program, the property shall be disposed of in accordance with Section 72-5-111. All loan repayments together with rents, lease proceeds, profits, and money resulting from the sale of excess properties shall be returned to the fund.