This bill:

• defines terms;
• creates the State Housing Infrastructure Partnership Fund (fund) and provides for the use of fund money;
• creates the State Housing Infrastructure Partnership Board (infrastructure loan board) and describes the infrastructure loan board's membership and duties;
• requires the Governor's Office of Economic Opportunity to provide staff support to the infrastructure loan board;
• authorizes the infrastructure loan board to make loans from the fund to qualifying political subdivisions to finance system improvements that will facilitate the construction of housing;
• establishes terms and requirements for infrastructure loans awarded by the infrastructure loan board;
• directs the state treasurer to complete a study that analyzes the economic effect of the infrastructure loan program;
• exempts conduct arising from the provision of affordable housing, if the housing benefits are provided to all qualified residents, from certain ethics requirements for public officers;
• modifies the membership of the Affordable Housing Infrastructure Grant Board (grant board) for the provision of affordable housing infrastructure grants;
• limits to owner-occupied the affordable housing for which public entities in certain counties may qualify for an affordable housing infrastructure grant;
• allows the grant board, in relation to awarding affordable housing infrastructure grants, to:
  • determine whether an owner-occupied dwelling qualifies as an affordable housing unit; and
  • waive certain preliminary cost estimate requirements;
• increases the maximum amount of bonds the Utah Department of Transportation (department) may authorize for affordable housing infrastructure grants;
• allows the department to use certain local option sales tax revenue to pay for affordable housing infrastructure grants, subject to repayment from bond proceeds;
• diverts a certain portion of revenue from the County of the First Class Highway Projects Fund for revitalization of a convention center;
• establishes expenditure requirements for revenue in the County of the First Class Highway Projects Fund;
• establishes requirements in relation to a public transit hub project for the Cottonwood Canyons;
• reduces the amount of revenue the department may allocate from the Transportation Investment Fund to pay for a certain roadway project;
• establishes the Convention Center Reserves Restricted Account (account);
• requires the Division of Finance to transfer a certain amount of revenue from the Transportation Investment Fund to the account;
• limits the use of money deposited into the account for revitalization of a convention center;
• establishes requirements for the department to coordinate and assist on certain projects, subject to availability of funding;
• allows state agencies to sell surplus real property at pre-entitlement appraised value to certain qualifying entities and defer payment for the purchase of such property;
• addresses the sale or disposal of real property by the department and other state agencies; and
• makes technical and conforming changes.