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78 Airport Sponsor: The entity that is legally responsible for the management and operation of an airport, including the fulfillment of the requirements of laws and regulations related thereto. Assignment: An assignment is the transfer of a claim, right, interest, or title to a property, especially personal property. In addition, an assignment refers to the actual documentâalso called the instrumentâyou use to record and make the transfer legal. Common Use: Common Use means the flexible and shared use of airport facilities through shared technology and infrastructure. Conveyance: Conveyance refers to the transfer of ownership or interest in real estate or real property from one person or entity to another by a legally acceptable document. Acceptable documents include deeds, mortgages, leases, and statements of conveyance. The latter is dif- ferent from a deed or lease in that it is a much simpler document, usually only one page. You can also use a statement of conveyance to transfer intangible propertyâfor example, a trademark or licenseâto someone else. Exclusive Use: Property that is available only to a single tenant. Federally Obligated Airport: Airport sponsors agree to certain obligations when they accept federal grant funds or federal property transfers for airport purposes. The FAA enforces these obligations through its Airport Compliance Program. Joint-Use Airport: A joint-use airport means an airport owned by the Department of Defense, at which both military and civilian aircraft make shared use of the airfield. Nominal Dollars: Nominal dollars refer to the current value of the dollar when reported. There is no adjustment for inflation. Preferential Use: Preferential or shared-use contractual arrangements represent a shared control between the airport and the tenant(s). The tenant acknowledges that under specified circum- stances, the airport sponsor can allow use of the facility by other tenants. Tankering: Fuel tankering involves carrying more fuel than is needed to optimize fuel burn, fuel costs, and en route fuel stops. Upload Fee: Sometimes called an into-plane fee, an upload fee is a charge made to customers that considers the cost of storage of the fuel and fueling the aircraft. A P P E N D I X D Glossary
