3.04.030 Airport fund – Use.
This section is included in your selections.
A. All moneys in the airport fund shall be used to:
1. Finance the maintenance and operational expenses of the airport;
2. Make payments of interest on or current principal requirements of any outstanding bonds or certificates issued for the acquisition, improvement or extension thereof, including those authorized pursuant to Ordinance No. 2278.
B. Any funds in excess of the foregoing requirements shall be utilized to finance the extension or improvement of the municipal airport facilities, or any other air navigation facilities constructed or maintained by the city. (1957 code § 1.36.132.)