covered lease
Defined in 1 place of the United States Code.
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.
Source
- 2024–present49 U.S.C. § 47107Transportation · Project grant application approval conditioned on assurances about airport operations · under this section
Covered lease defined.—In this subsection, the term "covered lease" means a lease—
(A) originally entered into before the date of enactment of this subsection;
(B) under which a nominal lease rate is provided;
(C) under which the lessee is a Federal or State government entity; and
(D) that supports the operation of military aircraft by the Air Force or Air National Guard—
(i) at the airport; or
(ii) remotely from the airport.
Source
- 2016–202449 U.S.C. § 47107Transportation · Project grant application approval conditioned on assurances about airport operations · under this section
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.
Source
- 202449 U.S.C. § 47107Transportation · Project grant application approval conditioned on assurances about airport operations · under this section
In this subsection, the term “covered lease” means a lease—
(A) originally entered into before the date of enactment of this subsection;
(B) under which a nominal lease rate is provided;
(C) under which the lessee is a Federal or State government entity; and
(D) that supports the operation of military aircraft by the Air Force or Air National Guard—
(i) at the airport; or
(ii) remotely from the airport.
Source
- 2016–202449 U.S.C. § 47107Transportation · Project grant application approval conditioned on assurances about airport operations · under this section