Texas HB4520 sets requirements for loans or grants to aviation facilities in economically disadvantaged counties.

Texas HB4520 amends the Transportation Code to establish conditions for loans or grants provided by the Texas Transportation Commission to aviation facilities in economically disadvantaged counties. Before approving a loan or grant, the commission must ensure the airport or facility remains under local control for at least 20 years, the political subdivision discloses funding sources and financial viability, and at least 10 percent of the project cost comes from non-state sources.

Texas HB4520 sets requirements for loans or grants to aviation facilities in economically disadvantaged counties.

Texas HB4520 amends the Transportation Code to establish conditions for loans or grants provided by the Texas Transportation Commission to aviation facilities in economically disadvantaged counties. Before approving a loan or grant, the commission must ensure the airport or facility remains under local control for at least 20 years, the political subdivision discloses funding sources and financial viability, and at least 10 percent of the project cost comes from non-state sources.