Laserfiche WebLink
granted in writing by the State due to extreme circumstances; and <br />i. it will acquire all property interests identified as needed for the purposes of this <br />project and comply with all applicable state and federal laws, rules, regulations, <br />procedures, covenants and assurances required by the State of Texas or the FAA <br />in connection with the federal grant in the acquisition of such properiy interests; <br />and that airport property identified within the scope of this project and Attomey's <br />Certificate of Airport Property Interests shall be pledged to airport use and shall <br />not be removed from such use without prior written approval of the State; and <br />j, the Sponsor shall submit to the State annual statements of airport revenues and <br />expenses as requested; and <br />k. all fees collected for the use of an airport or navigational facility constructed with <br />funds provided under the program shall be reasonable and nondiscriminatory. <br />The proceeds of such fees shall be used solely for the development, operation and <br />maintenance of the Sponsor's system of airport(s) or navigational facility(ites). <br />an Airport Fund shall be established by resolution, order or ordinance in the <br />treasury of the Sponsor, or evidence of the prior creation of an existing airport <br />fund or a properly executed copy of the resolution, order, or ordinance creating <br />such a fund shall be submitted to the State. Such fund may be an account within <br />another fund, but must be accounted for in such a manner that all revenues, <br />expenses, retained earnings, and balances in the account are discernible from other <br />types of moneys identified in the fund as a whole. All fees, charges, rents, and <br />money from any source derived from airport operations must be deposited in said <br />Airport Fund and shall not be diverted to the general revenue fund or any other <br />revenue fund of the Sponsor. All expenditures from -the Airport Fund shall be <br />solely for airport or airport system purposes. Sponsor shall be ineligible for a <br />subsequent grant or loan by the State unless, prior to such subsequent approval of <br />a grant or loan, Sponsor has complied with the requirements of this subparagraph; <br />and <br />M. for federally funded projects any revenue from airport property mineral rights be <br />identified as airport revenue; deposited to the airport fund and used for airport <br />operations; and <br />n. the Sponsor shall operate runway lighting at least at low intensity from sunset to <br />sunrise; and <br />o, insofar as it is reasonable and within its power, Sponsor shall adopt and enforce <br />zoning regulations to restrict the height of structures and use of land adjacent to or <br />Page 5 of 28 <br />