TX HB4524

Establishes the Texas Airport Investment Partnership Program administered by TxDOT's aviation division to provide below-market interest rate loans for general aviation airport infrastructure projects, including runways, hangars, fueling stations, navigational aids, safety enhancements, and environmental mitigation

Sets loan limits at $10 million for general aviation airport projects and $5 million for commercial non-hub aviation projects, with maximum 20-year repayment terms and a requirement that at least 10% of project costs come from non-state sources

Creates a dedicated fund in the state treasury outside general revenue, funded by legislative appropriations, gifts and grants, investment earnings, and loan repayments, subject to periodic audits for compliance with state and federal aviation standards

Establishes an oversight committee composed of aviation division staff appointed by the division director, with the presiding officer appointed by the governor, to oversee program administration and loan issuance

Prohibits loans to projects involving entities affiliated with or controlled by the governments of China, Iran, North Korea, or Russia; requires loan recipients to submit annual progress reports and subjects them to periodic compliance audits with penalties for noncompliance

Program implementation begins September 1, 2025, with loan applications accepted by September 1, 2026, and loan issuance starting by March 1, 2027