Allows public universities in Illinois offering aviation courses to sell transferable airplanes and retain proceeds for aircraft maintenance or.
The bill amends the State Property Control Act to allow the board of trustees of a public university or college in Illinois that offers aviation courses to sell a qualified transferable airplane, including its parts, to a bona fide purchaser. The proceeds from the sale must be retained in a separate account for maintaining the university's or college's fleet of aircraft or for purchasing replacement aircraft. The Administrator must prioritize transferring non-trade-in airplanes to public universities or colleges in Illinois that offer aviation courses.
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