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Pages 8-14

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From page 8...
... 9 airports, by stating that airport entities may procure insurance or become a self-funded insurer.61 Other state provisions elaborate on an airport entity's operational authority. For example, Vermont state law provides that some airports may be operated seasonally.62 California and New York state laws expressly authorize airport entities to regulate commercial aircraft maintenance or repairs on their premises or to buy and sell fuel, aircraft parts, and repair services.63 Alabama provides for an airport entity to operate a sewage system or other utility system in furtherance of the airport.64 Some state empowerment provisions elaborate on an airport's role in regulating or developing surface transportation to access the airport.
From page 9...
... 10 A State Aeronautics Agencies Most states have created a state agency or department that, to varying degrees, oversees aeronautics and administers aviation policies statewide.
From page 10...
... 11 State aeronautics agencies thus provide the state with a means of asserting state policy and oversight in areas that involve local concerns, although in practice, an agency's actual operations may vary.80 Aeronautics agencies may be most active in asserting state policy under their roles related to licensing and funding airports.
From page 11...
... 12 ties may apply for and receive federal grants. In states taking this approach, these acts, known as "channeling acts," often require that airport entities first obtain state approval to apply for the grant and then receive the funding through the state.
From page 12...
... 13 the repayment of state assistance as a penalty for some violations of state grant covenants.103 State assistance programs may also include a revolving loan program giving airport entities access to a specific fund. Under these programs, loans may be subject to stated durations, interest rates, and other requirements, and if airport entities do not repay loans as required, the state may be empowered to withhold those funds from other amounts that the state may be obligated to pay to the airport entity.
From page 13...
... 14 appoint a receiver to operate the airport. Conversely, a state may expressly prohibit an airport entity from mortgaging airport property in connection with bonds.113 State laws may impose a number of requirements on bonds issued for an airport.
From page 14...
... 15 State tax policies regarding airports can also affect a variety of private interests that benefit from airport operations. These private interests may be subject to state or local taxes or charges, or they may benefit from tax immunities or exemptions.

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