67-11-301. Municipal tax levy
67-11-301. Municipal tax levy. The airport authority may certify annually to the governing bodies the amount of tax requested to be levied by each municipality participating in the creation of the airport authority, and subject to 15-10-420, the municipality shall levy the amount certified, pursuant to provisions of law authorizing cities and other political subdivisions of […]
67-11-302. County tax levy
67-11-302. County tax levy. Subject to 15-10-420, in counties supporting airports or airport authorities, a levy as provided for in 67-10-402 may be made for airport authority purposes. History: En. 1-917 by Sec. 16, Ch. 433, L. 1971; R.C.M. 1947, 1-917; amd. Sec. 135, Ch. 584, L. 1999.
67-11-303. Bonds and obligations
67-11-303. (Temporary) Bonds and obligations. (1) An authority may borrow money for any of its corporate purposes and issue its bonds for those purposes, including refunding bonds, in the form and upon the terms that it may determine, payable out of any revenue of the authority, including revenue derived from: (a) an airport or air navigation facility […]
67-11-304. Reserve fund
67-11-304. Reserve fund. An airport authority may create a reserve fund for the use, repairs, maintenance, and capital outlays of an airport. History: En. 1-906 by Sec. 6, Ch. 433, L. 1971; amd. Sec. 1, Ch. 86, L. 1975; R.C.M. 1947, 1-906; amd. Sec. 29, Ch. 281, L. 1983; amd. Sec. 7, Ch. 279, L. 1993.
67-11-305. Federal and state money
67-11-305. Federal and state money. (1) An authority may accept, receive, receipt for, and spend federal and state moneys and other moneys, public or private, made available by grant or loan, to accomplish any of the purposes of this chapter. All federal moneys accepted under this section shall be accepted and spent by the authority upon […]
67-11-306. Tax exemption
67-11-306. Tax exemption. Any property in this state acquired by an authority for airport purposes, pursuant to the provisions of this chapter, and any income derived by the authority from the ownership, operation, or control of the property is exempt from taxation and any other charges to the same extent as other property used for public […]