§ 8-21-9-29 — Fixing and collecting fees, tolls, rentals, and other charges

The department may fix, review, revise,
charge and collect fees, tolls, rentals and other charges for the use of
the airport, airport facility, airport facilities and lands under the
jurisdiction or control of the authority or services rendered by the
department, and contract with any person, partnership, association,
limited liability company, or corporation desiring the use of any airport
facility or airport facilities and appurtenances for any proper purpose,
and fix the terms, conditions, rentals, and rates of charges for such use.
Such fees, tolls, rentals and other charges shall be reasonably related
to the cost of operation, maintenance and repair of the particular airport
facility or airport facilities for which the fees, tolls, rentals and other
charges are fixed, including a proper allocation of the administrative
expenses of the department and in case revenue bonds are issued to
finance such airport facility or airport facilities, the fees, tolls, rentals
and other charges relating to that airport facility or airport facilities
shall be established in an amount sufficient to pay the interest on and
principal of the bonds in accordance with their terms, and also
sufficient to establish and maintain reserves created for all such
purposes and for depreciation purposes. The fixing and collection of
such fees, tolls, rentals and other charges and the expenditure of the
revenues derived therefrom shall not be subject to the supervision or
regulation by any other officer, commission, board, bureau or agency
of the state. After such bonds have been duly paid and discharged and
all obligations under any trust agreement securing the same have been
performed or satisfied, any remaining surplus net revenues and all
surplus net revenues thereafter derived from the operation of such
airport or airports shall be paid into a sinking fund to be created by the
department and used only for the purpose of improving and
maintaining airport facilities under the jurisdiction of the department.
Formerly: Acts 1971, P.L.105, SEC.2. As amended by Acts
1980, P.L.74, SEC.360; P.L.8-1993, SEC.149.