Section 4-4-13 Procedure for Sale of Airports; Disposition of Proceeds of Sale. — United States — Alabama law | Esheria

Section 4-4-13 Procedure for Sale of Airports; Disposition of Proceeds of Sale.

A city, town, or municipal corporation may sell an airport or landing field if its governing body thinks the sale is in the public interest; if federal funds were used to build it, the federal agency’s concurrence is required. Sale proceeds must be used to pay outstanding debt tied to acquiring, improving, or expanding

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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airport disposal sale of public assets use of sale proceeds

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Statute overview

About this statute

A city, town, or municipal corporation may sell an airport or landing field if its governing body thinks the sale is in the public interest; if federal funds were used to build it, the federal agency’s concurrence is required. Sale proceeds must be used to pay outstanding debt tied to acquiring, improving, or expanding the airport or landing field.