For the purposes of providing a joint board with moneys for the necessary expenditures in carrying out the provisions of Sections 61-5-33 through 61-5-41, a joint fund shall be created and maintained, into which shall be deposited the share of each of the constituent public agencies as provided by the joint agreement. Each of the constituent public agencies shall provide its share of the fund from sources available to each. Any federal, state or other contributions or loans, and the revenues obtained from the joint ownership, control and operation of any airport or air navigation facility under the jurisdiction of the joint board shall be paid into the joint fund. Disbursements from such fund shall be made by order of the board, subject to the limitations prescribed in Section 61-5-39.
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