I. A portion of moneys derived from the airways toll, available for the establishment and maintenance of air navigation facilities, may be paid over directly to a city or town which has established an aeronautical fund in accordance with the provisions of RSA 423:6, 7, and 8.
II. Disbursements of revenue from the aircraft operating fee shall be made by the department after collection of such fees provided that $250,000 of aircraft operating fee revenues originating at a publicly or privately owned airport shall be available each fiscal year for public use and shall, upon application, be paid over to the aeronautical fund established for that airport and shall be used for aeronautical purposes.