§ 2-05-22 — Aeronautics commission special fund

1. A special fund known as the aeronautics commission special fund is established.
2. The aeronautics commission special fund must be administered and expended by the
commission for the following:
a. Administration of the commission.
b. Airport construction and improvement projects, including:
(1) Airport administration and terminal buildings, hangers, and landing strips for
aircraft;
(2) Purchase of land for airports or landing fields and easements for such
facilities;
(3) Maintenance and maintenance equipment; and
(4) Clearing of sites, marking, lighting and engineering, and navigational aids.
c. Administration, construction, reconstruction, repair, maintenance, and operation
of airports near communities, recreational areas, or parks, including the
International Peace Garden airport, and for necessary expenses and purchases
of land and easements for such facilities.
d. Expenses related to the duties of the commission as set out in section 2-05-05,
including the creation and distribution of education grants.
3. All money derived from the investment of the aeronautics commission special fund or
any portion of the fund, including aircraft excise tax funds collected and received under
chapter 57-40.5, must be credited to the aeronautics commission special fund.