Airport Authorities Act

The act provides for the creation of airport authorities as separate units of local government, formed within a defined territory by petition, public hearing, and a referendum of the affected voters. An established authority holds corporate powers to acquire, construct, improve, operate, and lease public airports together with hangars, office buildings, and appurtenant facilities, to act cooperatively with other governmental bodies, and to dispose of surplus property. It also fixes the authority's fiscal machinery — annual appropriations and a tax levy, a capital improvement program and budget, general obligation bonds subject to a debt limit and to voter approval above a set fraction of assessed valuation, and obligations payable solely from operating revenue — and prescribes procedures for changing an authority's name, altering its territory, and dissolving it.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.