Bill Text: MI SB0425 | 2015-2016 | 98th Legislature | Engrossed
Bill Title: Aeronautics; funds; expenditure of money in qualified airport fund; provide for. Amends sec. 35 of 1945 PA 327 (MCL 259.35). TIE BAR WITH: SB 0418'15, SB 0426'15, SB 0612'15, SB 0613'15, SB 0614'15
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-12-31 - Assigned Pa 0258'15 With Immediate Effect [SB0425 Detail]
Download: Michigan-2015-SB0425-Engrossed.html
SB-0425, As Passed Senate, December 3, 2015
SUBSTITUTE FOR
SENATE BILL NO. 425
A bill to amend 1945 PA 327, entitled
"Aeronautics code of the state of Michigan,"
by amending section 35 (MCL 259.35), as amended by 2002 PA 352.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
35. (1) There is appropriated all All money
in and
currently
credited to the state aeronautics
fund created under
section
34, 34(1) is appropriated for carrying out the purposes and
provisions
of this act, other than subsection (2), and to meet the
expenses of the department. Upon appropriation, the state treasurer
may
draw a warrant upon on the state treasury to make payments in
the amounts and to the persons as directed by the department
subject to approval and release by the state administrative board
of
the authorized amounts. However, funds money appropriated under
this
section subsection or subsequently later made
available shall
must
not be expended upon any on an aviation
project that is not
carried out under the supervision and direction of the department.
(2) All money in and credited to the qualified airport fund
created under section 34(2) is appropriated for carrying out the
purposes described in this subsection. On a quarterly basis, the
state treasurer shall disburse from the qualified airport fund to
the operator of a qualified airport an amount equal to the amount
deposited into the qualified airport fund. If there is more than 1
qualified airport the state treasurer shall disburse the amount
deposited into the qualified airport fund to each operator of a
qualified airport in the same proportion that the amount of taxable
gallons of fuel sold at the qualified airport during the preceding
fiscal year bears to the total amount of taxable gallons of fuel
sold at all qualified airports during the preceding fiscal year. An
operator of a qualified airport shall use money disbursed to the
operator under this subsection in the following order of priority:
(a) For deposit in a bond and interest redemption account
created by ordinance of the qualified airport solely to pay the
next scheduled payments for revenue bonds issued by the operator of
the qualified airport pursuant to an ordinance under the revenue
bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140, to finance
capital improvements to landing areas at the qualified airport. The
capital improvements to landing areas may include, but are not
limited to, runway and taxiway design, construction, repair or
rehabilitation, lighting, drainage systems, land acquisition,
airfield roadways, noise mitigation systems, deicing pads, and
surveillance systems at the qualified airport.
(b) To defray the costs of capital improvements to landing
areas of the qualified airport. The capital improvements to landing
areas may include, but are not limited to, runway and taxiway
design, construction, repair or rehabilitation, lighting, drainage
systems, land acquisition, airfield roadways, noise mitigation
systems, deicing pads, and surveillance systems at the qualified
airport.
(3) As used in this section, "ordinance" means that term as
defined in section 3 of the revenue bond act of 1933, 1933 PA 94,
MCL 141.103.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.
Enacting section 2. This amendatory act does not take effect
unless all of the following bills of the 98th Legislature are
enacted into law:
(a) Senate Bill No. 418.
(b) Senate Bill No. 426.
(c) Senate Bill No. 612.
(d) Senate Bill No. 613.
(e) Senate Bill No. 614.
