Except as may be limited by the terms and conditions of any grant, loan or agreement pursuant to § 42-5-119, every municipality may, by sale, lease or otherwise, dispose of any airport, air navigation facility or other property, or portion thereof or interest therein, acquired pursuant to this chapter, subject, however, to any contractual obligations with respect thereto. Disposal by sale, lease or otherwise shall be in accordance with the laws of this state, or provisions of the charter of the municipality, governing the disposition of other property of the municipality, except that in the case of disposal to another municipality or agency of the state or federal government for aeronautical purposes incident thereto, the sale, lease or other disposal may be effected in such manner and upon such terms as the governing body of the municipality may deem in the best interest of the municipality.
Structure 2021 Tennessee Code
Chapter 5 - County and Municipal Airports
§ 42-5-102. Chapter Definitions
§ 42-5-104. Acquisition of Existing Airports
§ 42-5-105. Establishment of Airports on Public Waters and Reclaimed Lands
§ 42-5-106. Limitation on Design and Operation of Air Navigation Facilities
§ 42-5-107. Public Purpose of Airports
§ 42-5-109. Disposal of Airport Property
§ 42-5-112. Delegation of Authority to Airport Officer or Board
§ 42-5-113. Regulations and Jurisdiction — Scope — Conformity to Federal and State Law
§ 42-5-115. Bond Issues — Notes — Financing Acquisition Costs and Improvements
§ 42-5-117. Bond Issues Ratified and Validated — Bonding Power Supplemental
§ 42-5-118. Application of Airport Revenues and Sale Proceeds
§ 42-5-123. Airport Property and Income Exempt From Taxation
§ 42-5-124. Supplementary Authority