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<br />\ <br /> <br />- . <br /> <br />opera~i9ns, aircraft sales and services, sale of aviation <br />petroleum products whether or not conducted in conjunction with <br />other aeronautical activity, repair and maintenance of aircraft, <br />sale of aircraft parts, and any other activities which because of <br />their direct relationship to the operation of aircraft can be <br />regarded as an aeronautical activity, and that it will terminate <br />any exclusive right to conduct an aeronautical activity now <br />existing at such an airport before the grant of any assistance <br />under the Airport and Airway Improvement Act of 1982. <br /> <br />i <br />I . <br />I <br />! <br /> <br />24. Fee and Rental Structure'. It will maintain a fee and rental <br />structure consistent with Assurance 22 and 23, for the facilities <br />and services being provided the airport users which will make the <br />airport as self-sustaining as possible under the circumstances <br />existing at the particular airport, taking into account such <br />factor~ as the volume of traffic and economy of collection. No <br />part of the Federal share of an airport development, airport <br />planning or noise compatibility project for which a grant is made <br />under the Airport and Airway Improvement Act of 1982, the Federal <br />Airport Act or the Airport and Airway Development Act of 1970 <br />shall be included in the rate base in establishing fees, rates, <br />and charges for users of that airport. <br /> <br />25. Airport Revenue. If the airport is under the control of a <br />public agency, all revenues generated by the airport and any <br />local taxes on aviation fuel established after December 30, <br />1987, will be expended by it for the capital or operating costs <br />of the airport; the local airport system; or other local <br />facilities which are owned or operated by the owner or operator <br />of the airport and directly and substantially related to the <br />actual air transportation of passengers or property; or for noise <br />mitigation purposes on or off the airport. Provided, however, <br />that if covenants or assurances in debt obligations issued before <br />September 3, 1982, by the owner or operator of the airport, or <br />provisions enacted before September 3, 1982, in governing <br />statutes controlling the owner or operator's fin~ncing, provide <br />for the use of the revenues from any of the airport owner or <br />operator's facilities, including the airport, to support not only <br />the airport but also the airport owner or operator's general debt <br />obligations.or other facilities,. then this limitation on the use <br />of all revenue. generated by the airport (and, in the case of a <br />public airport, local taxes on aviation fuel) shall not apply. <br /> <br />26. Reportl and Inspections. It will submit to the Secretary <br />such annual or special financial and operations reports as the <br />Secretary may reasonably request. For airport development <br />projects, it will also make the airport and all airport records <br />and documents affecting the airport, including deeds, leases, <br />operation and use agreements, regulations and other instruments, <br />available for inspection by any duly authorized agent of the <br />Secretary upon reasonable request. For noise compati~ility <br />program projects, it will also make records and documents <br />relating to the project and continued compliance with the terms, <br />conditions, and assurances of the grant agreement including <br />