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, shall be deposited in a special fund to be designated the " _______________Airport Fund," which revenues shall be appropriated solely to, and used by the municipality for, the purposes authorized by the Municipal Airport Law.
Structure Mississippi Code
Chapter 5 - Acquisition, Disposition and Support of Airport Facilities
§ 61-5-7. Exercise of power of eminent domain
§ 61-5-9. Disposal of airport property
§ 61-5-11. Operation and use privileges; exemption from taxation
§ 61-5-15. Acceptance, etc., of federal and state aid; designation of agent
§ 61-5-17. Bond issues for financing facility costs
§ 61-5-19. Authority to contract or enter into joint use or similar agreements
§ 61-5-23. Validation of prior acquisitions and actions
§ 61-5-25. Delegation of municipal authority to airport board or other agency
§ 61-5-27. Liens in favor of municipality
§ 61-5-29. Appropriation of funds; taxation
§ 61-5-31. Disposition of airport revenues
§ 61-5-33. Joint operations; authorization
§ 61-5-35. Joint operations; agreement
§ 61-5-37. Joint operations; joint board generally
§ 61-5-41. Joint operations; joint fund
§ 61-5-43. Exemption from taxation of airport property and income
§ 61-5-45. Effect of law upon municipal airport zoning regulation
§ 61-5-47. Acquisition, etc. of airports, air navigation facilities, etc.; tort liability