Sec. 3. As used in this chapter, "derelict aircraft" means any aircraft: (1) that is located or stored on the premises of: (A) a public-use airport; or (B) a fixed-base operator; for a period of at least one hundred fifty (150) days; and (2) that, throughout the period described in subdivision (1): (A) is not in a flyable condition; (B) is not in compliance with applicable Federal Aviation Administration regulations allowing the aircraft to be operated in flight; and (C) does not have a written repair plan approved and signed by: (i) a Federal Aviation Administration certified airframe and power plant mechanic; or (ii) a person authorized to perform maintenance on the aircraft in accordance with Federal Aviation Administration regulations.
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