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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />(b) An amount equivalent to 6.5 percent minus the amount in (a) <br />of this subsection must be credited to the state general fund. <br />(4) Beginning July 1, 2026, the aviation division of the <br />department of transportation must track the amount of additional <br />funds awarded for airport protects through the airport aid grant <br />program The aviation division of the department of transportation <br />must report annually to the transportation committees of the <br />legislature for the years 2026 to 2031, and thereafter as needed. The <br />report must include, but is not limited to: <br />(a) A short description of each airport protect funded; <br />(b) The state grant amount from the aeronautics account <br />contributed to each project; <br />(c) The amount of federal matching funds contributed to the <br />protect; and <br />(d) The amount of local airport sponsor matching funds <br />contributed to the project. <br />(5) At the end of fiscal close of each biennium, beginning June <br />30, 2027, the aviation division of the department of transportation <br />must report to the senate ways and means, house appropriations, and <br />the transportation committees of the legislature the estimated amount <br />of funds returned to the general fund Hiving consideration of sales <br />and business and occupation taxes generated as a result of the funded <br />airport projects. <br />NEW SECTION. Sec. 2. This act takes effect July 1, 2026. <br />--- END --- <br />p. 2 <br />SB 5989 <br />