RSA 423:11 Rural Airport Capital Revolving Loan Fund.

I. There is hereby established in the office of the state treasurer a fund to be known as the rural airport capital revolving loan fund which shall be kept separate and distinct from all other funds. Moneys in the fund shall be nonlapsing and shall be continually appropriated to the department of transportation, and shall be used to provide loans to enhance and rehabilitate all non-commercial service airports open to the public in municipalities with populations of 14,000 or less. Loans to airports from this fund shall be subject to the approval of the governor and council.
II. The operator of the rural airport provided a loan under this section shall furnish assurance to the director of the division of aeronautics, rail, and transit by a signed agreement that the rural airpor