UT SB0278

Reduces state sales tax revenue distributed to the Point of the Mountain State Land Authority from 50% to 25%, and reduces property tax augmentation from transferred parcels from 75% to 25%

Requires public infrastructure districts created by a development authority to have a majority of board members appointed by the authority's governing body, with existing districts required to ensure at least 40% are authority-appointed by July 1, 2026

Restricts public infrastructure districts that issue bonds from issuing additional or subsequent bonds, though one-time refinancing is permitted

Requires the Point of the Mountain State Land Authority to coordinate with Draper when disposing of state land parcels to private parties, including providing draft land use regulations

Authorizes the Division of Finance to consider loan amendments that extend repayment terms or forgive balances on infrastructure revolving loan funds, with Executive Appropriations Committee notification required