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68 Airports and the Newest Generation of General Aviation Aircraft 7.7 Privatization Most airports in the United States are operated as not-for-profit entities with oversight by a politically appointed or governmental agency. Privatization can refer to a broad range of activities that entail varying levels of private involvement in the operations of an airport, ranging from partial to full privatization. 7.8 Summary Although there are a number of potential revenue sources, identifying the appropriate one for a specific airport requires coordination with the relevant governmental oversight agencies. The purpose of the project and the airport revenues also affect the potential revenue sources. Airport funding is best identified as part of a longer term capital improvement program developed in conjunction with the airport's budget. 7.9 Helpful References and Resources ACRP Synthesis 1 Innovative Finance and Alternative Sources of Revenue for Airports, http://onlinepubs.trb.org/ onlinepubs/acrp/acrp_syn_001.pdf. This synthesis provides an overview of common capital funding sources used by airport operators, a review of capital financing mechanisms used by airports, descriptions of various revenue sources developed by airport operators, and a review of privatization options available to U.S. airport operators. FAA, Airport Improvement Program Handbook, http://www.faa.gov/airports_airtraffic/airports/aip/aip_handbook/. This handbook provides guidance and sets forth policy and procedures on how the FAA is to administer the Airport Improvement Program (AIP). AIP is a grant program for airport planning and development projects available to airports within the National Plan of Integrated Airport Systems (NPIAS). FAA Order 5190.6A, Airport Compliance Requirements, http://www.faa.gov/airports_airtraffic/airports/resources/ publications/orders/media/Obligations_5190_6a.pdf. This order provides policies and procedures related to airport compliance with obligations under FAA grant programs.