The bill proposes an appropriation of $100,000 to the Department of Transportation's aeronautics division to provide local matching funds for Federal Aviation Administration (FAA) grants aimed at supporting the Eastern Slopes Regional Airport. This airport is located in Fryeburg, Maine, and serves the Conway, New Hampshire area. The allocated funds are to be used over the biennium ending on June 30, 2025, with the governor authorized to draw a warrant for the sum from any money in the treasury not otherwise appropriated. The act is set to take effect on July 1, 2023.

The fiscal note attached to the bill indicates that there will be no impact on state, county, or local revenues, but there will be an increase in state expenditures of $50,000 in each of the fiscal years 2024 and 2025. The source of funding for this appropriation is general funds. The Department of Transportation has confirmed that the funds will be expended as outlined in the bill. There are no deletions indicated in the fiscal note, but there is an insertion that specifies the funding source as general funds.