2005 Minnesota Statutes - 360.70 — Rentals and earnings.

     360.70 Rentals and earnings.  


    All rentals received for the use of such hangar, shop, or 
 other building and all earnings realized by the municipality or 
 municipality and county as the case may be by reason of 
 operations carried on in such hangar, shop, or other building 
 shall be paid into the airport building revenue fund.  In 
 determining earnings realized no deduction shall be made by 
 reason of the salary paid to the manager of the airport and no 
 airport maintenance or operational expense shall be deducted 
 from the income received from operations carried on in such 
 hangar, shop, or other building.  In addition all net income 
 realized by the municipality or the municipality and the county 
 from the business of selling aviation gasoline and oil at the 
 airport and all gross income received by reason of granting to 
 others the right to sell aviation gasoline and oil to the public 
 at the airport shall be paid into the airport building revenue 
 fund as long as there are any revenue certificates unpaid.  


    HIST: 1949 c 590 s 3