Ordinance 71103

Airport Debt Stabilization Fund Transfer

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Summary

This bill authorizes the transfer of $13,727,769 from the Airport Debt Service Stabilization Fund to the Airport Revenue Fund to make funds available to mitigate rates in the Fiscal Year beginning July 1, 2019. This is in accordance with the five-year Airport Use and Lease Agreement that commenced on July 1, 2016.

Overview

Session: 2019-2020

Board Bill Number: 188

Primary Sponsors: Marlene E Davis

Committee: Transportation and Commerce

Effective: 03/18/2020

Legislative History

  • 01/10/2020

    First Reading

  • 02/14/2020

    Second Reading

  • 02/21/2020

    Perfection

  • 03/06/2020

    Third Reading

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