§ 14-361-119. Joint operations — Agreements
(a) Any two (2) or more public agencies may enter into agreements with each other for joint action pursuant to the provisions of this chapter, and any two (2) or more municipalities are specially authorized to make such agreement or agreements as they may deem necessary for the joint acquisition and operation of airports and […]
§ 14-362-111. Issuance of revenue bonds — Resolution of authority — Nature of bonds
(a) The issuance of revenue bonds shall be by resolution of the authority. (b) The bonds of each issue may: (1) Be coupon bonds payable to bearer or may be registrable as to principal only or as to both principal and interest; (2) Be in such form and denominations; (3) Be made payable at such […]
§ 14-361-120. Joint operations — Joint boards
(a) (1) Public agencies acting jointly pursuant to this section shall create a joint board which shall consist of members appointed by the governing body of each participating public agency. (2) The number to be appointed, their term, and compensation, if any, shall be provided for in the joint agreement. (b) Each joint board shall […]
§ 14-362-112. Issuance of revenue bonds — Indenture
(a) The resolution authorizing the bonds may provide for the execution by the authority of an indenture which defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds. (b) Indenture may control the priority between successive […]
§ 14-361-121. Joint operations — Limitations on joint boards
(a) Expenditures. The total expenditures to be made by the joint board for any purpose in any calendar year shall be determined by a budget approved by the governing bodies of its constituent public agencies on or before the preceding December 1. (b) Acquisitions Beyond Sums Allotted. No airport, air navigation facility, airport hazard, or […]
§ 14-361-122. Joint operations — Joint fund
(a) (1) For the purpose of providing a joint board with moneys for the necessary expenditures in carrying out the provisions of this section and §§ 14-361-118 — 14-361-121, a joint fund shall be created and maintained, into which shall be deposited the share of each of the constituent public agencies as provided by the […]
§ 14-361-123. Levy of special tax
In addition to and exclusive of any taxes which may be levied for the interest and sinking fund of any bonds, notes, or time warrants issued under authority of this chapter or any other act of the General Assembly authorizing municipalities to issue such bonds, notes, or warrants for airport purposes, the governing body of […]
§ 14-361-124. Tax exemptions
(a) Any property in this state acquired by a municipality for airport purposes pursuant to the provisions of this chapter and any income derived by the municipality from the ownership, operation, or control thereof, shall be exempt from taxation to the same extent as other property used for public purposes. (b) Any municipality is authorized […]
§ 14-362-101. Title
This chapter may be cited as the “Regional Airport Act.”
§ 14-362-102. Definitions
As used in this chapter, unless the context otherwise requires: (1) “Authority” means any authority created under the provisions of this chapter; (2) “Construct” means to acquire or build, in whole or in part, in such manner and by such method, including contracting therefor, and if the latter, by negotiation or bids upon such terms […]