R940-10-1. Purpose and Authority

(1) The purpose of this rule is to establish a process for state participation in a transportation reinvestment zone created under Section 11-13-227. The objective of state participation in a TRZ is to enhance the state transportation system by accelerating projects that are likely to stimulate increased local tax revenue that can be used to offset the cost of constructing those projects. (2) The commission and department will only consider participating in a TRZ, as described in this rule, if the TRZ includes: (a) a state highway project; (b) a project on a local highway that is eligible for federal funds; or (c) an eligible transit project. (3) This rule is enacted under the authority of Title 63G, Chapter 3, Utah Administrative Rulemaking Act and Section 72-1-201.