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SB 1417 Commercial air service plan; Virginia Aviation Board to develop and review.
SUMMARY AS PASSED SENATE: (all summaries)
Commercial air service plan. Requires the Virginia Aviation Board to develop and review every five years a commercial air service plan for commercial air service airports in the Commonwealth and, prior to allocation of funds from the Commonwealth Airport Fund by the Board, ensure that requested funds are consistent with the plan. The bill requires the Board to report to the Governor and the General Assembly annually on the use of Commercial Airport Fund revenues for the previous fiscal year. The bill prohibits the use of Commercial Airport Fund revenues for (i) operating costs, unless otherwise approved by the Board, or (ii) purposes related to supporting the operation of an airline, either directly or indirectly, through grants, credit enhancements, or other related means.