Assigned to APPROP                                                                                          AS PASSED BY COMMITTEE

ARIZONA STATE SENATE

Fifty-Fifth Legislature, Second Regular Session

AMENDED

FACT SHEET FOR h.b. 2688

appropriation; aviation fund; matching monies

Purpose

Appropriates $20,000,000 from the state General Fund (state GF) in FY 2023 to the State Aviation Fund.

Background

The State Aviation Fund consists of monies from: 1) aviation fuel taxes or motor vehicle fuel taxes; 2) the sale of abandoned aircraft or seized aircraft; 3) flight property tax; 4) aircraft related registration fees, license taxes and penalties; 5) Arizona Department of Transportation (ADOT) from the operation of airports; and 6) the jet fuel excise tax and jet fuel use tax. Monies in the State Aviation Fund are to be used for the planning, design, development, acquisition of interests in land, construction and improvement of publicly owned and operated airport facilities (A.R.S. § 28-8202).

The State Aviation Fund has an estimated year-end balance of $36,542,000 for FY 2022 (JLBC Baseline).

H.B. 2688 appropriates $20,000,000 from the state GF in FY 2023 to the State Aviation Fund.

Provisions

1. Appropriates $20,000,000 from the state GF in FY 2023 to the State Aviation Fund.

2. Becomes effective on the general effective date.

Amendments Adopted by Committee

1. Removes the specification that the appropriated monies are for ADOT to use as matching monies draw down federal infrastructure monies.

2. Makes conforming changes.  

House Action Senate Action

TRANS           2/16/22      DP     11-0-1-0               APPROP         3/15/22      DPA     10-0-0

APPROP         2/21/22      DP     13-0-0-0

3^rd Read          2/24/22                 59-0-1

Prepared by Senate Research

March 16, 2022

LMM/sr