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Committee clarifies corridor preservation fund can buy rights‑of‑way for fixed‑guideway transit
Summary
House Bill 229 clarifies that the state's Corridor Preservation Fund may be used to acquire right‑of‑way for fixed‑guideway transit projects in addition to highway corridors.
Representative Christopherson presented House Bill 229 to clarify that the Corridor Preservation Fund may be used to acquire right‑of‑way for fixed‑guideway transit projects—such as commuter rail and bus rapid transit—alongside its existing authority for highway corridors.
Leif Elder of UDOT told the committee the fund currently has roughly $30 million available with transactions pending, and that ongoing revenues (a small tax on rental cars and similar vehicle leases) put about $5–$10 million per year into the fund.…
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