Own and operate definition

Own and operate means that the public entity shall own the property in fee simple or by a long-term lease of a minimum of 20 years, unless otherwise approved by the department, and shall maintain dominion and control of the property, except that the public entity may provide by contract with a person for the operation and management of an airport otherwise meeting the requirements of this article. Operations of the airport shall be for, and on behalf of, the public entity. All leases to the public entity of property are required to be approved by the department. A lease of the property by the public entity to an agent or agency other than to a public entity does not meet the criteria for participation in airport assistance funds.
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Examples of Own and operate in a sentence

  • Seller shall provide Notice to Buyer within one Business Day if there is a termination of, or cessation of service under, any agreement required in order for the Generating Facility to: Interconnect with the Transmission Provider’s electric system; Transmit and deliver electric energy to the Delivery Point; or Own and operate any CAISO-Approved Meter.

  • Own and operate an exclusive franchise cleaning service business with the Franchisor’s brand; KRAMERSERVICE, business system and operations.

  • Seller shall provide Notice to Buyer within one (1) Business Day if there is a termination of, or cessation of service under, any agreement required in order for the Generating Facility to: Interconnect with the Transmission Provider’s electric system; Transmit and deliver electric energy to the Delivery Point; or Own and operate any CAISO-Approved Meter.

  • SCHEDULE 2.16 Convergent Technologies, Limited Licenses CONVERGENT LICENSES EFFECTIVE EXPIRES SUMMARY OF ------------------- --------- ------- AUTHORITY GRANTED ---------- Own and operate the following facilities: Cable Landing Stations, Satellite Earth Station including VSATS, International Gateway Switches, Transmission Towers, etc.

  • Own and operate adult use and/or medical cultivation and processing facilities, and dispensaries and adjacent or ancillary business lines.