Airport/Airline Agreements—Practices and Characteristics (2010) / Chapter Skim
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Pages 86-94
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From page 86... ...
Appendices A, C, and F are available on the TRB website at www.TRB.org by searching for "ACRP Report 36." Titles of the appendices are as follows: Appendix A: Annotated Bibliography Appendix C: CIP Primer Appendix F: Airport Online Survey 93 A P P E N D I C E S A , C , and F
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From page 87... ...
I. Definitions .
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From page 88... ...
Sample of Table of Contents for Typical Agreement 95 8.6 Revenue Sharing .
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From page 89... ...
18.3 Passenger Facility Charge .
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From page 90... ...
Report Sections I Introduction and Need for a Revised Business Deal II.
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From page 91... ...
Additional Bonds Test: A bond resolution requirement pursuant to which an airport can issue revenue bonds that have a claim on revenues which is equal to that of the already issued outstanding revenue bonds. Typically, the test is based on coverage of maximum annual debt service by historical or projected net revenues.
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From page 92... ...
Commercial Compensatory Methodology: Under this type of methodology for determining terminal building rental rates, the square foot divisor would comprise all airline rentable space in the terminal and all other space that is identified as rentable to non-airline tenants and users (e.g., concessions, rental cars, etc.)
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From page 93... ...
General Airport Revenue Bonds: Municipal bonds secured by the revenues generated by the airport (e.g., landing fees, terminal rents, concession revenues, etc.)
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From page 94... ...
Rate Covenant: A pledge to bondholders that an airport will set rates and charges sufficient to generate net revenues (revenues less O&M expenses) equal to at least the annual debt service requirement plus the coverage requirement.
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