SB 947 - Kennedy, Harry
Increases the cap on amount of aviation generated revenue that may be deposited in state aviation trust fund and expands purposes for which moneys in the aviation trust fund may be used
Bill Details
Sponsor
Kennedy, Harry
LR Number
4304S.01I
Title
SB 947
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2008
Current Status
Bill Combined w/SCS/SBs 930 & 947 (4251S.02C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 947 - This act increases the cap on the amount of jet fuels sales taxes that can be deposited into the State Aviation Trust Fund. Under current law, only $6 million generated from jet fuel sales taxes may deposited to the credit of the Aviation Trust Fund (Section 144.805). This act increases the cap to $12 million.
This act allows $2 million from the Aviation Trust Fund to be used for the study or promotion of expanded domestic or international scheduled commercial service, for the study or promotion of intrastate scheduled commercial service, or to assist airport sponsors participating in a federally funded air service program supporting intrastate scheduled commercial service. The act further requires that there must have been at least $6 million deposited in the fund in the previous calendar year before aviation trust funds can be utilized for these purposes (Section 305.230).
This act allows moneys in the Aviation Trust Fund to be used to assist communities to match federal air traffic control tower cost-share program grants. Under the act, up to $500,000 per year may be used on a ratio of 50% state/50% local to meet the non-federal match requirement. No more than $100,000 per year may be used for any individual air traffic control tower (Section 305.230).
STEPHEN WITTE