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.
Tenn. Code Ann. § 42-5-118
Application of airport revenues and sale proceeds
Known as the Municipal Airport Act
The act spans §§ 42-5-101 to 42-5-205 (31 sections).
Acts 1957, ch. 375, § 12; 1961, ch. 322, § 4; T.C.A., § 42-317.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.