Increases the authorized indebtedness limit for the Greenville Airport Commission to twenty million dollars.
The bill amends the powers and duties of the Greenville Airport Commission by increasing the authorized total indebtedness limit to twenty million dollars. The commission is permitted to borrow money, issue bonds, and mortgage assets for airport operations and improvements, with revenue from the airport's operations covering these obligations. The state, city, or county of Greenville are not liable for these debts, and neither the commission members nor signatories are personally liable. The previous limit was one twenty million dollars.
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