AZ HB2455

Amends Arizona Revised Statutes Section 28-8202 regarding the state aviation fund composition and distribution.

Clarifies that the state aviation fund consists of aviation fuel taxes, abandoned and seized aircraft sales proceeds, flight property tax, registration fees, airport operation monies, and jet fuel excise and use taxes.

Specifies that appropriated monies from the state aviation fund shall be distributed solely for planning, design, development, land acquisition, construction and improvement of publicly owned and operated airport facilities in counties, cities, towns and Indian reservations.

Limits grants to any single airport to no more than 10 percent of the average annual revenue the fund received over the past three years in any fiscal year.

Defines "publicly owned and operated airport facility" as an airport where a state agency, city, town, county or Indian tribe holds clear interest in the land for a minimum of 20 years without reversionary interests, liens, easements or other encumbrances that would interfere with public airport use.