50-4-16. Portion of aircraft fuel tax revenues to be allocated to eligible airports.
The department shall make an allocation of a portion of the aircraft fuel tax collected under §§10-47B-1 and 10-47B-4, to each eligible airport. The allocation rate shall be determined by the commission. The monthly allocation shall be determined by the department from the monthly reports required by §50-4-12, and be based as nearly as practicable upon the amount of aircraft fuel tax collected on retail sales of aircraft fuel sold at each eligible airport for use in general aviation aircraft. The amount of aircraft fuel tax collected on aircraft fuel sales to airport sponsors shall be allocated separately by the department. Any remaining aircraft fuel tax collected under §§10-47B-1 and 10-47B-4 shall be placed in the aeronautics fund and be used by the commission as provided in §50-4-14.
Source: SL 1989, ch 117, §81; SL 2014, ch 222, §28; SL 2019, ch 203, §15.
Structure South Dakota Codified Laws
Chapter 04 - Planning And Development Of Aviation Facilities
Section 50-4-2 - Constructing, maintaining, and operating airports--Assistance to local governments.
Section 50-4-3 - Cooperation with federal agencies.
Section 50-4-4 - Acceptance of contributions.
Section 50-4-6 - Disposition of federal grants.
Section 50-4-7 - Airport contracts subject to contract laws.
Section 50-4-8 - Deposit of grants and funds in state treasury--Separate funds--Disbursement.
Section 50-4-12 - Sale of aircraft fuel--Report--Violation as misdemeanor.
Section 50-4-13 - Aircraft fuel tax revenues--Appropriation and use.
Section 50-4-14 - Uses for aeronautics fund.
Section 50-4-15 - Funds appropriated by § 50-4-14 not a limit.
Section 50-4-16 - Portion of aircraft fuel tax revenues to be allocated to eligible airports.