Ordinance 71348

Airport Debt Service Stabilization Fund to the Airport Revenue Fund

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Summary

This ordinance authorizes the transfer of $13,727,769 from the Airport Debt Service Stabilization Fund to the Airport Revenue Fund to make funds available to mitigate rates in the Fiscal Year beginning July 1, 2020. This is in accordance with the five-year Airport Use and Lease Agreement that commenced on July 1, 2016.

Overview

Session: 2021-2022

Board Bill Number: 9

Sponsor: Shane Cohn

Effective: 06/14/2021

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 04/30/2021

    First Reading

    Bill text was introduced (175.21 KB PDF).

  • 04/30/2021

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 05/25/2021

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.

  • 05/27/2021

    Second Reading

  • 06/04/2021

    Perfection

    The bill was passed.

  • 06/10/2021

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 06/11/2021

    Third Reading

    The bill was passed.

  • 06/11/2021

    Delivered to Mayor

  • 06/15/2021

    Mayor Returns Bill

    The bill was approved.

  • 06/15/2021

    Delivered to Register

  • 06/28/2021

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71348. Effective date is 06/14/2021

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