covered lease

Defined in 1 dictionary — U.S. Code

United States Code

49 U.S.C. § 47107 — under this section (13 versions over time)

Covered lease defined.—In this subsection, the term "covered lease" means a lease—

(A) originally entered into before October 7, 2016;

(B) under which a nominal lease rate is provided;

(C) under which the lessee is a Federal or State government entity; and

(D) that—

(i) supports the operation of military aircraft by the Air Force or Air National Guard—

(I) at the airport; or

(II) remotely from the airport; or

(ii) is for the use of nonaeronautical land or facilities of the airport by the National Guard.