Airport Revenues a. All revenues generated by the airport and any local taxes on aviation fuel established after December 30, 1987, will be expended by it for the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport and which are directly and substantially related to the actual air transportation of passengers or property; or for noise mitigation purposes on or off the airport. The following exceptions apply to this paragraph:
1) If covenants or assurances in debt obligations issued before September 3, 1982, by the owner or operator of the airport, or provisions enacted before September 3, 1982, in governing statutes controlling the owner or operator's financing, provide for the use of the revenues from any of the airport owner or operator's facilities, including the airport, to support not only the airport but also the airport owner or operator's general debt obligations or other facilities, then this limitation on the use of all revenues generated by the airport (and, in the case of a public airport, local taxes on aviation fuel) shall not apply.
2) If the Secretary approves the sale of a privately owned airport to a public sponsor and provides funding for any portion of the public sponsor’s acquisition of land, this limitation on the use of all revenues generated by the sale shall not apply to certain proceeds from the sale. This is conditioned on repayment to the Secretary by the private owner of an amount equal to the remaining unamortized portion (amortized over a 20-year period) of any airport improvement grant made to the private owner for any purpose other than land acquisition on or after October 1, 1996, plus an amount equal to the federal share of the current fair market value of any land acquired with an airport improvement grant made to that airport on or after October 1, 1996.
3) Certain revenue derived from or generated by mineral extraction, production, lease, or other means at a general aviation airport (as defined at Section 47102 of title 49 United States Code), if the FAA determines the airport sponsor meets the requirements set forth in Sec. 813 of Public Law 112-95.
b. As part of the annual audit required under the Single Audit Act of 1984, the sponsor will direct that the audit will review, and the resulting audit report will provide an opinion concerning, the use of airport revenue and taxes in paragraph (a), and indicating whether funds pa...
Airport Revenues. This Grant shall be available for any purpose for which airport revenues may lawfully be used. CARES Act Grant funds provided under this Grant Agreement will only be expended for the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport(s) subject to this agreement and all applicable addendums.
Airport Revenues. The Sponsor shall maintain a fee and rental structure for the facilities and services at the Airport which will make the Airport as self‐sustaining as possible under the circumstances existing at the particular Airport, taking into account such factors as the volume of traffic and economy of collection. All revenues generated by the Airport (and any local taxes established after Dec 30, 1987), will be expended by it for the capital or operating costs of the Airport; the local airport system; or the local facilities which are owned or operated by the owner or operator of the Airport and which are directly or substantially related to the actual air transportation of passengers or property, on or off the Airport.
Airport Revenues a. This Grant shall be available for any purpose for which airport revenues may lawfully be used to prevent, prepare for, and respond to coronavirus. Funds provided under this ACRGP Grant Agreement will only be expended for the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport(s) subject to this agreement and all applicable addendums for costs related to operations, personnel, cleaning, sanitization, janitorial services, combating the spread of pathogens at the airport, and debt service payments as prescribed in the Act
b. For airport development, 49 U.S.C. § 47133 applies.
Airport Revenues a. The Sponsor agrees that funds under this Grant are available for the Sponsor to provide relief from rent and MAG to eligible in-terminal Airport Concessions, per the ARP Act. Apart from this relief, in no event shall airport revenue or grant reimbursement proceeds be used for any purpose beyond the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport(s).
Airport Revenues a) The Contractor shall collect and retain 100% of landing, parking and tie-down fees, a statement of all revenues received will be submitted to the Region on an annual basis by January 10;
i) In the event of an extensive action at the Airport by the BC Wildfire Service (BCWS) or other government agency, the amount after the first $1,000 in landing fees will be cost shared at 50% payable to the Region.
b) The Contractor shall collect and remit to the Region, on a monthly basis, any other airport fees as may be established by the Region from time to time;
c) The Contractor shall collect and retain any revenues generated from the hangar building, including the apartment therein; and
d) The Region shall purchase and set the sale price of all fuel for resale at the Airport. The Contractor shall, on forms prescribed by the Region, collect, record and report all fuel sale revenues to the Region on a monthly schedule. The Region will receive all sales revenue directly from the credit card machine. Revenue generated from sales using cash or cheque shall be collected and recorded by the Contractor and submitted to the Region along with the monthly fuel sales report. The Contractor will invoice the Region for a $0.05/litre delivery and administration fee payable to the Contractor for functions detailed in Schedule C.
e) At its discretion, the Region may enter into an Aircraft Fuel Provision Agreement with the BCWS, which includes onsite, into-aircraft fueling to be provided by the Contractor. The amount charged to BCWS for this service will be agreed to in the fuel provision agreement. The amount in the fuel provision agreement for 2023 is currently set at $500 per day and is payable to the Contractor upon receipt of payment to the Region from BCWS.
Airport Revenues a) The Contractor shall collect and retain 100% of landing, parking and tie-down fees, a statement of all revenues received will be submitted to the Region on an annual basis by January 10;
b) The Contractor shall collect and remit to the Region, on a monthly basis, any other airport fees as may be established by the Region from time to time;
c) The Contractor shall collect and retain any revenues generated from the hangar building, including the apartment therein; and
d) The Region shall purchase and set the sale price of all fuel for resale at the Airport. The Contractor shall, on forms prescribed by the Region, collect, record and report all fuel sale revenues to the Region on a monthly schedule. The Region will receive all sales revenue directly from the credit card machine. Revenue generated from sales using cash or cheque shall be collected and recorded by the Contractor and submitted to the Region along with the monthly fuel sales report. The Contractor will invoice the Region for a $0.05/litre delivery and administration fee payable to the Contractor for functions detailed in Schedule C. In consideration of the operation of the fuel facility, the parties agree each with the other that their respective responsibilities shall be as follows:
1. The Region owns the aviation fuel facility at the Airport.
2. The Region owns the kiosk located adjacent the fuel facility and hereby authorizes the Contractor to utilize the building for aircraft or airport related purposes. The Contractor shall be responsible for all routine maintenance of the building.
Airport Revenues. The Airport revenues shall include all revenues that ensue directly or indirectly from the exploitation of the Object of concession and the other Assets – property of the CONCESSIONAIRE under the present Concession Agreement as follows:
Airport Revenues. All revenues generated by the airport from the Property and any local taxes on aviation fuel established after December 30, 1987, shall be expended by Grantee for the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport and directly and substantially related to the actual air transportation of passengers or property; or for noise mitigation purposes on or off the airport.
Airport Revenues. All revenues generated by the airport and any local taxes on aviation fuel established after December 30, 1987, will be expended by it for the capital or operating costs of the airport; the local airport system; or other local facilities which are owned or operated by the owner or operator of the airport and which are directly and substantially related to the actual air transportation of passengers or property; or for noise mitigation purposes on or off the airport. Provided, however, that if covenants or assurances in debt obligations issued before September 3, 1982, by the owner or operator of the airport, or provisions enacted before September 3, 1982, in governing statutes controlling the owner or operator's financing, provide for the use of the revenues from any of the airport owner or operator's facilities, including the airport, to support not only the airport but also the airport owner or operator's general debt obligations or other facilities, then this limitation on the use of all revenues generated by the airport (and, in the case of a public airport, local taxes on aviation fuel) shall not apply. As part of the annual audit required under the Single Audit Act of 1984, the sponsor will direct that the audit will review, and the resulting audit report will provide an opinion concerning, the use of airport revenue and taxes in paragraph (a), and indicating whether funds paid or transferred to the owner or operator are paid or transferred in a manner consistent with Title 49, United States Code and any other applicable provision of law, including any regulation promulgated by the Secretary or Administrator. Any civil penalties or other sanctions will be imposed for violation of this assurance in accordance with the provisions of Section 47107 of Title 49, United States Code.
