SB 818 Expands allowable uses for aviation trust fund moneys and modifies requirements for specified limited uses
Sponsor: Kehoe
LR Number: 5719S.01T Fiscal Note available
Committee: Transportation and Infrastructure
Last Action: 7/1/2014 - Signed by Governor Journal Page: S1914
Title: Calendar Position:
Effective Date: August 28, 2014
House Handler: Davis

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Current Bill Summary

SB 818 - This act expands permissible airport planning projects that may be paid for with aviation trust fund moneys to include airport business plans and strategic plans. This act also lowers the threshold of deposits necessary to spend money for the study or promotion of expanded domestic, international, or intrastate commercial service, the promotion of aviation in the state, or assisting airport sponsors participating in a federally funded air service program supporting intrastate scheduled commercial service from $6 million dollars to $4.5 million. This lowered threshold is restricted by permitting no more than $2 million to be spent for the above purposes and at least $4 million must be used for other purposes allowable under the law.

This act is identical to provisions contained in SCS/HCS/HB 2141 (2014).