R940-3-4. Prioritizing Requests for an Infrastructure Loan or Infrastructure Assistance

(1) Criteria. The commission will follow a prioritization framework that may include the following criteria to evaluate and prioritize requests for a loan or assistance: (a) availability of money in the fund, including for a loan or assistance related to a project in a greenfield area, whether money is available in the separate account created for projects in greenfield areas as described in Subsection 72-2-202(5); (b) evidence the project will encourage, enhance, or create economic benefits to the state or political subdivision; (c) the likelihood that a loan or assistance will enable the project to proceed at an earlier date than would otherwise be possible; (d) the extent to which assistance will foster innovative public-private partnerships and attract private investment; (e) the project demonstrates that it provides a benefit to the state highway system, including safety or mobility improvements; (f) the proposed assistance amount as a percentage of the overall project costs with an emphasis on local and private participation; (g) the extent to which the project provides intermodal connectivity with public transportation, pedestrian, or nonmotorized transportation facilities; or (h) other provisions the commission considers appropriate. (2) Scoring. The commission will apply a framework to determine the score it assigns to qualified projects for prioritization purposes. This framework is located on the department's website: udot.utah.gov/go/SIB and is incorporated by reference.