The revenues obtained by a municipality from the ownership, control or operation of any airport or air navigation facility, including proceeds from the sale of any airport or portion thereof or air navigation facility property, may, subject to any contractual obligations with respect thereto, be used by a municipality for any municipal purpose, and any use thereof made prior to March 17, 1961, for any municipal purpose is ratified, validated and confirmed.
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