Problems related to airport management's ability to obtain money to finance physical facilities to accommodate the rapid growth in air transportation are discussed. The lack of market for good quality bonds because of interest rate limitations by governing bodies is considered, as well as the situation with municipal bond prices, and the short-term money market for interim financing. The advantages of the latter approach seems now to be outweighed by the risk of the bond market continuing to decline. Possible changes in the existing tax-exemption of interest derived from state and municipal obligations are discussed and comments are made on the tax-exempt status of airport bonds. The development of airport authorities is noted, and non-profit corporations are considered as a practical approach to financing.

  • Corporate Authors:

    Lakewood Publications

    731 Hennepin
    Minneapolis, MN  United States  55403
  • Authors:
    • MARTIN, F F
  • Publication Date: 1970-1

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00155600
  • Record Type: Publication
  • Source Agency: Federal Aviation Administration
  • Files: TRIS, USDOT
  • Created Date: Aug 31 1977 12:00AM