Increases the authorized total indebtedness of the Greenville Airport Commission to twenty million dollars.
The bill amends the powers and duties of the Greenville Airport Commission to increase the authorized total indebtedness to twenty million dollars. The commission may borrow money, issue negotiable bonds, notes, and other evidences of indebtedness payable solely from the revenue derived from the operation of any revenue-producing facility under its jurisdiction. The commission may also mortgage or pledge any assets owned by the commission in connection with such indebtedness.
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