Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 22 - Airport Facilities Generally > Chapter 360 - Municipal Airports Generally > Subchapter 1 - General Provisions > § 14-360-105 - Use of operational revenue.

§ 14-360-105 - Use of operational revenue.

14-360-105. Use of operational revenue.

All revenue derived from the operation of a municipal airport or flying field, after paying the operating expenses and maintenance, shall be set aside and used for additional improvements on the airport, or for the retirement of bonds and interest thereon issued for the purchase and improvement of the airport or flying field.