H.B. No. 4520 amends the Transportation Code to establish new requirements for funding aviation facilities and projects. Specifically, it mandates that before approving a loan or grant, the commission must ensure that the airport or facility remains under the control of the involved political subdivisions for at least 20 years. Additionally, the political subdivision must disclose the source of all project funds and demonstrate its ability to finance and operate the project. A significant change in the bill is the requirement that at least 10 percent of the total project cost must be provided by sources other than the state, or if the airport is located in an economically disadvantaged county, only 5 percent is required.

Furthermore, the bill repeals Section 21.114(b) of the Transportation Code, which may have contained previous funding requirements or stipulations. The new provisions aim to ensure better financial accountability and sustainability for aviation projects funded through state loans or grants. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Transportation Code 21.105 (Transportation Code 21)
House Committee Report: Transportation Code 21.105 (Transportation Code 21)
Engrossed: Transportation Code 21.105, Transportation Code 21.114 (Transportation Code 21)
Senate Committee Report: Transportation Code 21.105, Transportation Code 21.114 (Transportation Code 21)
Enrolled: Transportation Code 21.105, Transportation Code 21.114 (Transportation Code 21)