67-10-404. Airport revenues and sale proceeds. The revenues obtained by a municipality from the ownership, control, or operation of any airport or air navigation facility, including proceeds from the sale of any airport or portion thereof or air navigation facility property, must be deposited in a special fund to be designated the ".... airport fund", which revenues must be appropriated solely to, and used by the municipality for the purposes authorized by this chapter.
History: En. Sec. 10, Ch. 288, L. 1947; R.C.M. 1947, 1-817; amd. Sec. 15, Ch. 140, L. 1979.