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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.........................
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26,755,000
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26,635,000
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26,535,000
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14,729,000
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41,484,000
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41,364,000
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41,264,000
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- 1248 -
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58,120,826
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14,787,000
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72,907,826
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Ch. 10
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