2005 Arizona Revised Statutes - Revised Statutes §28-8527  Joint powers airport authority; powers

Acting through its board of directors, the joint powers airport authority may:

1. Own and operate property and facilities related to aviation, air navigation and aerospace.

2. Own property and facilities that are not related to aviation, air navigation and aerospace.

3. Enter into contracts, leases and development agreements, including intergovernmental agreements under title 11, chapter 7, article 3, to carry out the purposes of this article.

4. Acquire by any lawful means, including if authorized by the members of the airport authority the exercise of eminent domain in the names of its members, and maintain, encumber, lease and dispose of real and personal property and interests in property.

5. Prescribe rentals, user fees and other charges and enter into agreements with developers, contractors, tenants and others for use of facilities, products or services of the airport authority and use the revenues derived by the airport authority to carry out the purposes of this article.

6. Borrow money and issue revenue bonds and incur other financial obligations for any of the purposes of this article and pledge any part of the revenues or monies of the airport authority to secure the revenue bonds or other financial obligations.

7. Operate facilities and construct improvements.

8. Adopt rules as necessary to administer and operate the airport authority and any property under its jurisdiction.

9. Administer trusts declared or established for the airport authority, receive and hold in trust or otherwise property located in or outside of this state and, if not otherwise provided, dispose of the property for the benefit of the airport authority.

10. Engage employees and consultants.

11. Prepare and recommend annual operating budgets.

12. Sue and be sued.

13. Exercise incidental powers if necessary to the exercise of the powers prescribed in this article and articles 6 and 7 of this chapter.