Item 438 | First Year - FY2023 | Second Year - FY2024 |
|---|
|
|
| State Aircraft Flight Operations (65600) | $11,112,048 | $3,512,048 |
| State Aircraft Operations and Maintenance (65602) | FY2023 $11,112,048 | FY2024 $3,512,048 |
| Fund Sources: | | |
| General | FY2023 $30,246 | FY2024 $30,246 |
| Commonwealth Transportation | FY2023 $11,081,802 | FY2024 $3,481,802 |
Authority: Title 5.1, Chapter 1, Code of Virginia.
Pursuant to § 5.1-4 of the Code of Virginia, the Department of Aviation is authorized to purchase a jet aircraft using Aviation Special Funds to replace one existing King Air 350 aircraft. The department is directed to either trade-in or sell the King Air 350 aircraft to reduce financing requirements. Any proceeds related to a sale of the King Air 350 shall be retained by the department and used toward this purchase. Included in this item is $8,100,000 in the first year and $500,000 in the second year from the Aviation Special Fund to support this procurement.