State Infrastructure Bank
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UDOT State Infrastructure Bank
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As of 02/19/2020
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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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H.B. 377$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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Total =$79,477,743
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Total Fund Balance
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Capitalized Funding$79,477,743
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Interest Earned from Loans$2,907,602
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PTIF Interest Income$2,108,369
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Total =$84,493,713
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Total Loan Balances
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Loans Outstanding-$53,942,790
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Division of Finance Service Fee-$625
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Loans Pending-$26,735,000
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Uncommitted Balance Available
$3,815,299
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SIB Loan History
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LoansDebtorTermLoan Amount
Commission Approved
Loan Executed
Loan NumberFunds DisbursedLoan Balance
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Loans in ProcessSt George City$4,735,0004/13/2018PendingPending
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Military Installation Dev (MIDA)$10,000,000PendingPending
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Inland Port$5,000,000PendingPending
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Midvale City Parking Structure$7,000,000PendingPending
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Total =$26,735,000
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Active LoansFountain Green City10$100,0007/19/20138/20/201314-81448/21/2013$43,572
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Escalante City6$275,0003/14/20169/28/201617-828910/5/2016$140,713
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Military Installation Dev (MIDA)15$14,000,00012/15/201710/10/201819-837211/5/2018$14,288,750
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Vineyard City10$14,724,5802/1/20186/26/201818-99188/8/2018$11,945,063
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Salt Lake County - Parking Structure
8$17,500,0006/22/201812/14/201819-861112/17/2018$15,534,003
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Salt Lake County - ROW8$5,250,0006/22/201812/14/201819-86116/25/2019$5,250,000
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Eagle Mountain10$2,000,0006/28/20198/30/201920-82509/30/2019$1,825,378
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Henrieville Town7$35,0006/28/20198/7/201920-83439/30/2019$29,439
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Provo City5$5,000,0009/20/20192/4/202020-89622/19/2020$5,000,000
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Total =$58,884,580$54,056,918
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Completed LoansLogan City2$850,0004/21/20068/4/20068/16/2006$0
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St. George City6$3,726,92412/3/20082/17/200909-85513/2/2009$0
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Washington City2$900,0004/14/20119/8/2011$0
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Cedar City4$722,00011/15/20131/13/201414-856112/27/2013$0
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West Jordan1$2,960,0523/21/20145/28/2014Drawn From Escrow$0
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Garden City (Paid off early)10$350,00010/13/20173/21/201818-89853/22/2018$0
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Total =$9,508,976
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Cancelled LoansSt George City$3,198,0002/12/2016
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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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