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

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

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

(d)  All moneys paid into the passengerfacility charge special fund shall be appropriated, applied, or expended by thedepartment for airport capital improvement program projects approved by thelegislature and as permitted under the Aviation Safety and Capacity Expansion Actof 1990, codified as 49 United States Code Section 40117, as amended from timeto time.

(e)  Any resolution or certificate authorizingany issue of bonds relating to the use of the passenger facility charge for anairport capital improvement program project approved by the legislature mayestablish other accounts within the passenger facility charge special fund andrequire the transfer of the passenger facility charge into the other accountsto pay debt service on the related bonds. [L 2003, c 213, §14; am L 2004, c101, §5; am L 2009, c 147, §1]