Section 54.06. Allocation.

Latest version.

(1) In making loans from the fund, the secretary shall consider:

(a) The statewide priority of the proposed land acquisition.

(b) The adverse effect that failure to acquire the property would have on air traffic safety and future airport development.

(2) The department may make a loan for up to 80% of the estimated land acquisition costs, including the costs of any necessary project plans and environmental studies so long as that amount does not exceed 80% of the department's assessment of the value of the property as defined in s. Trans 54.02 .

History: Cr. Register, May, 1982, No. 317 , eff. 6-1-82.

                    
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