Airports: financial assistance.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill aims to create a dedicated funding source for California airports by allocating a portion of state sales and use tax revenue generated from jet fuel. It requires the Controller to transfer funds from the Retail Sales Tax Fund to the Aeronautics Account, which will then be distributed to airports based on their fuel flowage statistics. The bill prioritizes funding for public and private use airports, general aviation airports, aviation education, and rural airports with fewer than 300,000 enplanements, with a focus on attracting air service to these regions.
Key provisions
- Requires the Controller to transfer sales and use tax revenue from jet fuel to the Aeronautics Account.
- Distributes funds to airports based on fuel flowage statistics reported by each airport.
- Allocates 70% of funds to public and private use airports, 20% to qualifying general aviation airports, 1% to aviation education grants, and 9% to existing grant programs.
- Provides $500,000 annually for grants to rural, nonhub commercial airports for five years.
- Requires airports to report fuel flowage statistics to the Division of Aeronautics.
- Establishes a process for the Division of Aeronautics to determine revenue allocation for each airport.
- Addresses reimbursement for state-mandated costs to local agencies and school districts.
- Defines ‘jet fuel’ for the purposes of the bill.
Who is affected
- Airports (public and private use)
Bill text
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Sponsors
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1 on record
Primary sponsor
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