Bills / H.B. 492
H.B. 492 Transportation, Infrastructure, and Housing Amendments
- Introduced
- House committee
- House vote
- Senate committee
- Senate vote
- Signed into law
What this bill does
The bill creates a $100 million state fund to help pay for regional infrastructure, such as roads and utilities, that supports already-planned housing, with priority for single-family starter homes. The money would come from a cash float in the transportation investment fund that was previously set aside for other investments, and some of it would be lent to projects and repaid.
Plain-English summary written by AI from the sponsor’s presentation in committee and on the floor. Check the official text below.
Official description
- 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
- 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
- makes technical and conforming changes
What it costs you
- State spending from tax funds goes up by $104,800 in FY2027.
From the bill's latest official fiscal note, counting the state's tax funds (General, Income Tax, Education, Uniform School, and Transportation) in the first full budget year after the session. Some bills take effect partway through that year, so later years can be larger; the note shows each year. Household count: U.S. Census Bureau. An average is a starting point, not your bill.
Your legislators on this bill
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Every vote
- 8 yes, 0 no, 2 absentHouse Economic Development and Workforce Services Committee: vote to change the bill · Feb 18, 2026Who voted how
- 7 yes, 1 no, 2 absentHouse Economic Development and Workforce Services Committee: vote to approve it · Feb 18, 2026Who voted how
- 61 yes, 8 no, 6 absentFinal House vote · Feb 24, 2026Who voted how
- 4 yes, 0 no, 4 absentSenate Transportation, Public Utilities, Energy, and Technology Committee: vote to approve it · Feb 27, 2026Who voted how
- yes, undefined nouncircled · Mar 6, 2026
- 24 yes, 5 noFinal Senate vote · Mar 6, 2026Who voted how
- 27 yes, 0 no, 2 absentConference Committee - Final Passage · Mar 6, 2026Who voted how
- 66 yes, 5 no, 4 absentConference Committee - Final Passage · Mar 6, 2026Who voted how
Hearings and debates
- Feb 18, 2026 House Economic Development and Workforce Services Committee▶ WatchRead the transcript (78 turns) →
- Feb 24, 2026 House floor debate▶ WatchRead the transcript (40 turns) →
- Feb 24, 2026 House floor debate▶ WatchRead the transcript (40 turns) →
- Feb 27, 2026 Senate Transportation, Public Utilities, Energy, and Technology Committee▶ WatchRead the transcript (45 turns) →
- Mar 6, 2026 Senate floor debate▶ WatchRead the transcript (10 turns) →
- Mar 6, 2026 House floor debate▶ WatchRead the transcript (3 turns) →
- Mar 6, 2026 House floor debate▶ WatchRead the transcript (3 turns) →
- Mar 6, 2026 House floor debate▶ WatchRead the transcript (8 turns) →