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181
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MARVIN MANDEL, Governor
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MAINTAINED BY ANY COMMON CARRIER OF PASSENGERS OR FREIGHT
BY AIR.
(B) CONTRACT TO ACQUIRE AND SELL TO CARRIER;
BORROWING AMOUNT OF PURCHASE PRICE.
IF A POLITICAL SUBDIVISION CONTRACTS WITH A COMMON
CARRIER OF PASSENGERS OR FREIGHT BY AIR TO ACQUIRE AN
AIRPORT, AIRPORT FACILITY, OR AIR NAVIGATION FACILITY
AND TO SELL THE ACQUIRED PROPERTY TO THE COMMON CARRIER,
THE POLITICAL SUBDIVISION MAY:
(1) BORROW MONEY NOT EXCEEDING THE AMOUNT OF
THE PURCHASE PRICE UNDER THE CONTRACT; AND
(2) USE THE MONEY TO ACQUIRE THE PROPERTY, BY
PURCHASE, CONDEMNATION, OR OTHERWISE.
REVISOR'S NOTE; This section presently appears as
Art. 1A, §7-701(h).
The only changes are in style.
5-421. STATE FINANCIAL ASSISTANCE.
WITH THE APPROVAL OF THE SECRETARY, THE
ADMINISTRATION MAY GRANT OR LEND MONEY TO ANY POLITICAL
SUBDIVISION OR ANY AUTHORITY CREATED UNDER STATE LAW TO
ASSIST IN THE ESTABLISHMENT OR OPERATION OF AN AIRPORT
THAT IS OR IS TO BE OWNED OR CONTROLLED WHOLLY OR IN PART
BY THE POLITICAL SUBDIVISION OR AUTHORITY.
REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 1A,
§7-702(b).
The present statements that the money must be
"out of the appropriations {of} the
legislature", and "may be furnished in
connection with federal or other financial
aid" are deleted as superfluous.
5-422. ADMINISTRATION AS AGENT OF POLITICAL SUBDIVISION,
(A) ADMINISTRATION AUTHORIZED TO ACT AS AGENT.
(1) WITH THE APPROVAL OF THE SECRETARY, THE
ADMINISTRATION MAY ACT AS AGENT OF ANY POLITICAL
SUBDIVISION TO:
(I) ACCEPT, RECEIVE, RECEIPT FOR, DISBURSE,
OR SPEND ANY FEDERAL OR OTHER PUBLIC OR PRIVATE MONEY
MADE AVAILABLE TO FINANCE, WHOLLY OR PARTLY, THE
ESTABLISHMENT OR OPERATION OF AN AIRPORT, AIRPORT
FACILITY, OR AIR NAVIGATION FACILITY; AND
(II) CONTRACT FOR AND SUPERVISE THE
ESTABLISHMENT OR OPERATION OF THE AIRPORT OR FACILITY.
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