§ 2-06-13 — Federal and state aid

1. An authority may accept, receive, receipt for, disburse, and expend federal and state
moneys and other moneys, public or private, made available by grant or loan or both,
to accomplish any of the purposes of this chapter. All federal moneys accepted under
this section must be accepted and expended by the authority upon the terms and
conditions prescribed by the United States and consistent with state law, and all state
moneys accepted under this section must be accepted and expended by the authority
upon the terms and conditions prescribed by the state.
2. An authority may designate the state aeronautics commission as its agent to:
a. Accept, receive, receipt for, and disburse federal and state moneys, and other
moneys, public or private, made available by grant or loan or both, to accomplish
any of the purposes of this chapter; and
b. Contract for and supervise the planning, acquisition, development, construction,
improvement, maintenance, equipment, or operation of any airport.
3. An authority may enter an agreement with the aeronautics commission prescribing the
terms and conditions of the agency in accordance with the terms and conditions
prescribed by the United States, if federal money is involved, and in accordance with
applicable laws of this state. All federal moneys accepted under this section by the
state aeronautics commission must be accepted and transferred or expended by the
commission upon the terms and conditions prescribed by the United States. All
moneys received by the state aeronautics commission under subsection 2 must be
deposited in the state treasury, and unless otherwise prescribed by the agency from
which the moneys were received, must be kept in separate funds designated
according to the purposes for which the moneys were made available, and held by the
state in trust for those purposes.