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Bill would allow small public airports to be an allowable REIT capital project
Summary
House Finance considered House Bill 16-50 on Feb. 13; the bill would add two categories of public airports to the list of capital projects that local REIT 1 and REIT 2 revenues may fund.
House Finance considered House Bill 16-50 on Feb. 13, which would add two categories of public-use airports to the statute’s definition of capital projects that local REIT 1 and REIT 2 revenues may fund.
Staff (Christina King) told the committee the bill adds (1) airports included in the most recent Washington Aviation System Plan and (2) airports in the federal National Plan of Integrated Airport Systems (NPIAS) with fewer than 10,000 annual enplanements, to the set of capital projects eligible for REIT-funded capital work. Staff said the bill addresses allowable uses of local revenues and therefore…
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