Utah spent $10 million in public money—matched by $10 million in private funds—to buy back the historic "Mormon Meteor" race car that the state once owned for just $1, KUTV reports. The land-speed-record vehicle was sold decades ago and has now been reacquired for $20 million total.

The Mormon Meteor set multiple speed records in the 1930s and 1940s and is named for Utah's predominant religious culture. Critics have questioned the use of public funds for the purchase, while supporters argue the car is an important piece of Utah motorsports history.

The terms of the original $1 sale and how the car left state ownership were not detailed in the report. The reacquisition comes as Utah pursues economic development tied to motorsports and tourism.