SB 120 Increases the cap on the Aviation Trust Fund and allows the Aviation Trust Fund to be used for certain federal air traffic control cost-sharing programs
Sponsor: Nodler
LR Number: 0269S.01I Fiscal Note: 0269-01
Committee: Governmental Accountability & Fiscal Oversight
Last Action: 2/15/2007 - Hearing Scheduled But Not Heard S Governmental Accountability & Fiscal Oversight Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 120 - This act increases the cap on the amount that can be deposited in the state aviation trust fund from $6 million to $8.5 million. The act also provides that aviation trust funds may be used for air traffic control towers partially funded by the federal government under a cost-sharing program. Up to $500,000 per year may be used on a ratio of 50% state and 50% local to fulfill the non-federal match requirement.