Legal Question in Aviation Law in Texas
Use of airport profits by political subdivison
What is the cite for the Federal Law requiring that the profits from certain airports' income be re-invested in that facility?
1 Answer from Attorneys
Re: Use of airport profits by political subdivison
Howdy:
Shooting from the hip, I do not believe there is a requirement that airport income be used by the city or county for airport purposes. Naturally, it is in the interest of the city/county to use the funds to maintain the airport; but, that doesn't mean they have to.
I'll make some phone calls and find out for sure. I didn't see anything in a quick review of the USC, and I haven't dug into the CFR. The local airport manager is the best source.
I'd guess that your local airport is running a profit, and that the city/county is recklessly squandering the extra money? Or, are they foolish enough to let the airport run down while they recklessly squander the money?
rkr