Aerospace; creating the Sustainable Emerging Aviation Services Investment Program; creating the Sustainable Emerging Aviation Services Investment Program Revolving Fund; effective date.
Second Reading referred to Aeronautics and Transportation Committee then to Appropriations Committee
Summary
The bill creates the Sustainable Emerging Aviation Services Investment Program (SEA SIP) and a revolving fund to finance advanced air mobility, drones and other non‑traditional aircraft projects. It directs the Oklahoma Department of Aerospace and Aeronautics to designate at least five pilot sites, including two public airports, and to provide funding while retaining ownership of any assets it invests in. Annual reporting and a permanent Treasury fund are required.
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