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Pages 9-11

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From page 9...
... 11 port concessionaires, airport revenue diversion constitutes a hidden municipal tax upon them. Moreover, growing airport costs have been of increasing concern to airlines.
From page 10...
... 12 the carriage of mail to private carriers -- essentially, a subsidy system for the nascent airline industry. The first federal legislation addressing airport finance, the Air Commerce Act of 1926, provided initial federal funding for airport infrastructure.
From page 11...
... 13 ten assurances that airport revenue will be used for the capital and operating costs of the airport, the local airport system, or other facilities directly and substantially related to air transportation.76 Therefore, airports must provide an annual report specifying all sums paid by the airport to other governmental entities, the purposes thereof, and all services provided to other governmental entities and the amount of compensation received. The Airport and Airway Safety and Capacity Expansion Act of 198777 circumscribed the use of airport revenues to facilities "substantially" and directly related to air transportation.

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