PRINTER'S NO. 2314
No. 1509 Session of 2008
INTRODUCED BY MUSTO, BAKER, MELLOW AND GORDNER, JULY 7, 2008
REFERRED TO TRANSPORTATION, JULY 7, 2008
AN ACT 1 Providing for conditions for the funding of cargo airport 2 project funding. 3 The General Assembly of the Commonwealth of Pennsylvania 4 hereby enacts as follows: 5 Section 1. Short title. 6 This act shall be known and may be cited as the Cargo Airport 7 Funding Act. 8 Section 2. Definitions. 9 The following words and phrases when used in this act shall 10 have the meanings given to them in this section unless the 11 context clearly indicates otherwise: 12 "Department." The Department of Community and Economic 13 Development of the Commonwealth. 14 "Integrated carrier." A carrier that provides door-to-door 15 air cargo transportation using its own or contracted airplanes 16 and motor trucks. 17 "Project." The construction and operation of a cargo airport 18 within this Commonwealth.
1 Section 3. Commonwealth funding. 2 No Commonwealth funds shall be authorized, expended or 3 released for any project in this Commonwealth until the 4 following have occurred: 5 (1) The project has been approved by the Bureau of 6 Aviation within the Department of Transportation. 7 (2) The department certifies that the developer of the 8 project has secured private equity investments in the project 9 equal to 50% of the total estimated project cost or 10 $250,000,000, whichever is greater. 11 (3) The department certifies that the developer has 12 obtained a written commitment from one or more integrated 13 carriers to serve as an anchor tenant of the airport. 14 (4) The developer executes an enforceable letter of 15 commitment with one or more integrated carriers and the 16 department guaranteeing the level of activity to be conducted 17 at the cargo airport. The department shall establish the 18 minimum levels of activity to be conducted at the cargo 19 airport. 20 (5) The developer obtains all State and local permits 21 required to complete the project. 22 (6) The developer executes an agreement with each 23 county, municipality and school district where the project is 24 located to provide financial assistance to offset increased 25 costs realized by the county, municipality or school district 26 due to the project. 27 Section 20. Effective date. 28 This act shall take effect immediately. F23L12RLE/20080S1509B2314 - 2 -