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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 24. Transportation and Motor Vehicles |
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Agency 5. Virginia Aviation Board |
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Chapter 20. Regulations Governing the Licensing and Operation of Airports and Aircraft Andobstructions to Airspace in the Commonwealth of Virginia |
Section 330. Aviation facilities constructed in whole or in part with state funds
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Before funds appropriated by the General Assembly of Virginia for the promotion of aviation or the construction or improvement of aviation facilities at a public-use airport, heliport, or seaplane base owned by a county, city, town, individual, corporation, authority, or commission may be allocated, the airport sponsor thereof shall enter into a written agreement with the department, acting through the director, that shall provide for operation of the airport, heliport, or seaplane base as a public-use facility for a minimum period of 20 years or as specified within a written agreement. The airport sponsor of an aviation facility and its transferees, successors, and assignees who fail to fulfill the period of operation specified in any such agreement shall be liable for the return of these state funds on a pro rata basis.
Historical Notes
Derived from VR165-01-02:1 § 7.5, eff. September 9, 1992; amended, Volume 30, Issue 04, eff. November 20, 2013.