Legislative Session number- 85

Bill Name: HF1175

HF 1175

SECOND ENGROSSMENT

Aircraft facilities state financing modified to
allow flexibility in obtaining a new lessee for a facility, and other statutory
provisions modified.

Section 1: "Project" defined.

Section 2: Sale
authorization language modified.

Section 3: Loan, lease, and revenue agreements
language modified.

Section 4: Security language modified.

Section 5: Use of
proceeds; aircraft maintenance facility language modified.

Section 6: General
powers language modified.

Section 7: Sources of payment language
modified.

Section 8: Funds language modified.

Section 9: Approval language
provided.

Section 10: Exempt property used by private entity for profit
language modified.

Section 11: Credit for job creation language
modified.

Section 12: Aircraft heavy maintenance facility language
modified.

Section 13: "Airport" definition modified.

Section 14: Acquisition
language modified.

Section 15: Leased property language modified.

Section 16:
Revisor's instruction language provided.

Section 17: Repealer provided.

5/19/7