§261-5.5  Passenger facility charge special
fund.  (a)  There is established in the state treasury the passenger
facility charge special fund, into which shall be deposited all proceeds from
the passenger facility charge.



(b)  The director of transportation shall
administer the passenger facility charge special fund.



(c)  The passenger facility charge shall be a
charge for the use and services of an undertaking for the purposes and within
the meaning of section 39-61(a)(1) and (3).



(d)  All moneys paid into the passenger
facility charge special fund shall be appropriated, applied, or expended by the
department for airport capital improvement program projects approved by the
legislature and as permitted under the Aviation Safety and Capacity Expansion Act
of 1990, codified as 49 United States Code Section 40117, as amended from time
to time.



(e)  Any resolution or certificate authorizing
any issue of bonds relating to the use of the passenger facility charge for an
airport capital improvement program project approved by the legislature may
establish other accounts within the passenger facility charge special fund and
require the transfer of the passenger facility charge into the other accounts
to pay debt service on the related bonds. [L 2003, c 213, §14; am L 2004, c
101, §5; am L 2009, c 147, §1]