See the following versions: OS 3-65.12v1 (HB 3672, Laws 2024, c. 18, § 9) OS 3-65.12v2 (SB 1912, Laws 2024, c. 135, § 9)
§3-65.12v1. Application of airport revenues and sale proceeds. The revenues obtained by a municipality from the ownership, control or operation of any airport, vertiport, or air navigation facility, including proceeds from the sale of any airport, vertiport, or portion thereof of an air navigation facility property, shall be deposited in a special fund to be designated the "Airport Fund", which revenues shall be appropriated solely to, and used by the municipality for, the purposes authorized by this act. Added by Laws 1947, p. 19, § 12. Amended by Laws 2024, c. 18, § 9, eff. Nov. 1, 2024.
§3-65.12v2. Application of airport revenues and sale proceeds. The revenues obtained by a municipality from the ownership, control or operation of any airport, vertiport, or air navigation facility, including proceeds from the sale of any airport, vertiport, or portion thereof of air navigation facility property, shall be deposited in a special fund to be designated the “Airport Fund”, which revenues shall be appropriated solely to, and used by the municipality for, the purposes authorized by the Municipal Airports Act. Added by Laws 1947, p. 19, § 12. Amended by Laws 2024, c. 135, § 9, eff. Nov. 1, 2024.