Payment to authority; appropriation

Act 60 of 1997, § 7, under AIRPORT DIVESTITURE ACT.

Act 60 of 1997, § 7

Section 7. Payment to authority; appropriation.

The department is authorized to pay to the authority, in accordance with the terms of a divestiture agreement entered into under this act, up to $8,994,000 from the Aviation Restricted Revenue Account in the Motor License Fund for the continuing operation of the airports. Such funds as are necessary, up to this amount, are hereby appropriated to the department for fiscal year July 1, 1997, to June 30, 1998, for the purpose of making the payment.