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