§ 13b-50c — Connecticut airport and aviation account.

Connecticut § 13b-50c

• Jurisdiction: Connecticut
• Title 13b: Transportation
• Ch. 242: Department of Transportation

Text

(a) There is established an account to be known as the “Connecticut airport and aviation account” which shall be a separate, nonlapsing account within the Grants and Restricted Accounts Fund established pursuant to section 4-31c. The account shall contain any moneys required by law to be deposited in the account. Moneys in the account shall be expended by the executive director of the Connecticut Airport Authority, with the approval of the Secretary of the Office of Policy and Management, for airport and aviation-related purposes. (b) (1) Notwithstanding the provisions of section 13b-61a , on and after October 31, 2017, the Commissioner of Revenue Services shall deposit into said account seventy-five and three-tenths per cent of the amounts received by the state from aviation fuel sources from the tax imposed under section 12-587 . (2) On and after July 1, 2025, the Commissioner of Revenue Services shall deposit into said account one hundred per cent of the amounts received by the state from the tax imposed under section 12-477aa .

Legislative History

(June Sp. Sess. P.A. 17-2, S. 672; P.A. 19-123, S. 2; P.A. 23-204, S. 371.) History: June Sp. Sess. P.A. 17-2 effective October 31, 2017; P.A. 19-123 amended Subsec. (a) to replace “Commissioner of Transportation” with “executive director of the Connecticut Airport Authority” and made a technical change, effective July 9, 2019; P.A. 23-204 amended Subsec. (b) to redesignate existing provision re deposit into account as Subdiv. (1) and replace “effective date of this section” with “October 31, 2017”, and add Subdiv. (2) re deposit of tax imposed under Sec. 12-477aa into account on and after July 1, 2025, effective July 1, 2023.