Aerospace; creating the Sustainable Emerging Aviation Services Investment Program; creating the Sustainable Emerging Aviation Services Investment Program Revolving Fund; effective date.

The document header was updated to reflect the official 'House Committee Substitute' status, replacing the 'Proposed Committee Substitute' title and adjusting page numbering and line references to match the current legislative version.

The document title was changed from 'Proposed Policy Committee Substitute' to 'Proposed Subcommitte Substitute', reflecting the bill's progression in the legislative process.

The date and time of the amendment were updated from February 11, 2026, to February 16, 2026.

Page reference numbers in the footer were updated from 'Req. No. 16043' to 'Req. No. 16358'.

Minor formatting adjustments were made to line breaks and spacing throughout the document.

The bill title and header were updated from 'Proposed Committee Substitute' to 'Proposed Policy Committee Substitute,' reflecting a procedural change in the legislative process.

The program name was shortened from 'Sustainable Emerging Aviation Services Investment Program' to 'SEA SIP' to improve readability and consistency throughout the text.

The definition of 'Non-traditional aircraft' was updated to explicitly include autonomous aircraft larger than 55 pounds but smaller than 1,320 pounds that do not fit the Advanced Air Mobility or Small Uncrewed Aerial Systems definitions.

A clause prohibiting the Department from approving funding for research and development opportunities or purchasing nontraditional aircraft and small uncrewed aerial systems was deleted, expanding the Department's investment authority.

Removed the original bill header indicating it was the 'Engrossed' version and replaced it with a 'Proposed Committee Substitute' header.

Added committee amendment metadata, including a motion to delete the entire original measure and insert the new text, along with a reading clerk signature block.

Changed the bill title line to reflect the committee substitute format while keeping the descriptive summary of the bill's purpose identical.

The bill title and short description were changed to focus on a specific investment program rather than general aeronautics reform.

New definitions were added for 'Advanced Air Mobility,' 'nontraditional aircraft,' 'Small Uncrewed Aerial Systems,' and 'supporting airport' to clarify what technologies and locations qualify for the program.

A new revolving fund was created to manage investments, allowing the state to recoup funds from assets it purchases and reinvest them.

The Department of Aerospace and Aeronautics is required to designate at least five pilot sites, with at least two serving as supporting airports.

New reporting requirements mandate annual reports to the Governor and legislative leaders detailing fund usage, project status, and revenues.

Funding is now restricted to infrastructure, equipment, and software; the bill explicitly prohibits using funds for research and development or purchasing aircraft.

The effective date remains November 1, 2026, but annual reporting is now scheduled to begin July 1, 2027.