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Session Laws, 1988
Volume 770, Page 1248   View pdf image
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LAWS OF MARYLAND

converted to another use or is
closed to the public, provided
that funds herein appropriated to
assist capital improvements at
any public-use airport must be
repaid to the State Aviation
Administration in an amount equal

to the percentage of the

remaining useful life of the
improvements obtained with such
funds if the airport converts to
another use or is closed to the
public. The useful life of the
improvements shall be determined

by the State Aviation

Administration and appropriate
Federal Aviation Administration
criteria, as applicable, at the
time of the grant or loan, and,

further, funds herein

appropriated may be expended only
if secured by recorded lien which
may be enforced in the amount of
the unamortized remaining cost of
the improvements; and provided
further that such funds cannot be

expended unless the local

jurisdiction in which the airport
is located grants tax exemption
under Section 8-302 of the Tax -
Property Article to the airport
owner, and the owner agrees to
maintain the facility as an
active airport serving the public
for a period of at least five
years............................

Federal Fund Appropriation.........

SUMMARY

Total Special Fund Appropriation..............

Total Federal Fund Appropriation..............

Total Appropriation.........................

26,755,000

26,635,000

26,535,000

14,729,000

41,484,000

41,364,000

41,264,000

- 1248 -

58,120,826

14,787,000

72,907,826

Ch. 10

 

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Session Laws, 1988
Volume 770, Page 1248   View pdf image
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