The following may apply to the department for a grant or a loan for an airport development project:

1. (1) An eligible entity that has established a board of aviation commissioners under IC 8-22-2 .
2. (2) An airport authority established under IC 8-22-3 .
3. (3) A public airport established under IC 21-31-7 .
4. (4) Any airport that is eligible for an exemption under IC 6-1.1-10-15 .

As added by P.L.34-1990, SEC.2. Amended by P.L.114-1995, SEC.1; P.L.2-2007, SEC.138.