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State Infrastructure Fund 5500
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Fiscal Year 2021
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As of 04/12/2021
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Capitalized FundingAmountYear
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FHWA $2,310,000 / Transportation Fund $167,743$2,477,743.001998
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CHNF$1,000,0002009
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HB377$20,000,0002013
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Subtotal =$23,477,743
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2015FHWA granted de-federalization of SIB 03/10/2015
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S.B. 277$19,000,0002017
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S.B. 110$20,000,0002018
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S.B. 268$17,000,0002020
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S.B. 115-$10,000,0002020MIDA loan reduced from $24,000,000 to $14,000,000
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S.B. 243-$14,000,0002021MIDA loan tranferred from fund 5500 to 5512
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Total =$55,477,743
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Total Fund Balance
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Capitalized Funding$55,477,743
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Interest Earned from Loans$4,504,280
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MIDA interest (through 04/01/21) transferred to fund 5512
-$776,924
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PTIF Interest Income$2,353,304
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Division of Finance Service Fee-$1,625
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Total =$61,556,779
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Total Loan Balances
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Loans Outstanding-$43,606,418
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Loans Pending-$17,950,000
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Uncommitted Balance Available$361
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SIB Loan History
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LoansDebtorTermRateLoan AmountCommission ApprovedUDOT Loan Agreement ExecutedLoan NumberFunds DisbursedLoan Balance
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Loans in ProcessInland Port$5,000,000PendingPending
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Salt Lake County (has not drawn from loan)$450,0006/28/201812/14/201819-8611Pending
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Midvale City Parking Structure$5,500,000PendingPending
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Salt Lake City$7,000,000PendingPendingPending
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Total =$17,950,000
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Active LoansFountain Green City103.00%$100,0007/19/20138/20/201314-81448/21/2013$33,156
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Escalante City61.58%$275,0003/14/20169/28/201617-828910/5/2016$94,691
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Vineyard City102.91%$14,724,5802/1/20186/26/201818-99188/8/2018$10,596,797
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Salt Lake County82.98%$22,750,0006/22/201812/14/201819-861112/18/2018 & 06/25/2019$19,104,264
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Eagle Mountain102.98%$2,000,0006/28/20198/30/201920-82509/30/2019$1,584,177
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Henrieville Town72.73%$35,0006/28/20198/7/201920-83439/30/2019$29,439
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Provo City (Consolidated Loan)50.79%$10,000,0009/20/2019 & 10/16/20202/4/2020 & 01/29/202120-89622/19/2020 & 03/02/2021$10,000,000
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Midvale City Parking Structure102.35%$2,163,8939/20/20193/29/202121-89514/1/2021$2,163,893
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Total =$52,048,473$43,606,418
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Completed LoansLogan City24.25%$850,0004/21/20068/4/20068/16/2006$0
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St. George City62.75%$3,726,92412/3/20082/17/200909-85513/2/2009$0
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Washington City21.94%$900,0004/14/20119/8/2011$0
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Cedar City41.58%$722,00011/15/20131/13/201414-856112/27/2013$0
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West Jordan11.05%$2,960,0523/21/20145/28/2014
Drawn From Escrow
$0
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Garden City (Paid off early)102.98%$350,00010/13/20173/21/201818-89853/22/2018$0
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Total =$9,508,976
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Transferred to Fund 5512 per SB 243Military Installation Dev (MIDA)152.25%$14,000,00012/15/201710/10/201819-837211/5/2018$14,776,924
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Cancelled LoansSt George City$3,198,0002/12/2016
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St George City$4,735,0003/1/2020
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Herriman City$1,700,0002/12/2016
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Weber County$4,139,8903/14/2016
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Military Installation Dev (MIDA)$10,000,00012/13/2019Funds transferred to MIDA PTIF 8685 on 02/13/20 through SB 6 Item 20A
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Ped Access$4,000,000S.B. 110UDOT doing project
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Information Source: Comptrollers Office
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