2-05-23. Airport infrastructure fund.
68 words·~1 min read·
/nd/title-02/chapter-2-05-aeronautics-commission/2-05-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is created in the state treasury the airport infrastructure fund. The fund consists of all moneys deposited in the fund pursuant to chapter 57-51.1. Moneys in the fund may be spent by the aeronautics commission pursuant to legislative appropriations to provide grants to airports for infrastructure projects. Grant funds must be distributed giving priority to projects that have been awarded or are eligible to receive federal funding.