Page:United States Statutes at Large Volume 100 Part 2.djvu/1060

 100 STAT. 1783-379

PUBLIC LAW 99-500—OCT. 18, 1986

under the authority required by section 6007 of this title for any such improvement, construction, or rehabilitation, (b) SECRETARY'S ASSISTANCE.—The Secretary shall assist the three airports serving the Washington, D.C. metropolitan area in planning for operational and capital improvements at those airports and shall accelerate consideration of applications for Federal financial assistance by whichever of the three airports is most in need of increasing airside capacity. SEC. 6007. AIRPORTS AUTHORITY. (a) POWERS CONFERRED BY VIRGINIA AND THE DISTRICT OF COLUM-

BIA.—The Airports Authority shall be a public body corporate and politic, having the powers and jurisdiction as are conferred upon it jointly by the legislative authority of the Commonwealth of Virginia and the District of Columbia or by either of the jurisdictions and concurred in by the legislative authority of the other jurisdiction, but at a minimum meeting the requirements of this section. (b) PURPOSE.—The Airports Authority shall be— (1) independent of the Commonwealth of Virginia and its local governments, the District of Columbia, and the Federal Government; and (2) a political subdivision constituted solely to operate and improve both Metropolitan Washington Airports as primary airports serving the Metropolitan Washington area. (c) GENERAL AUTHORITIES.—The Airports Authority shall be authorized— (1) to acquire, maintain, improve, operate, protect, and promote the Metropolitan Washington Airports for public purposes; (2) to issue bonds from time to time in its discretion for public purposes, including the purposes of paying all or any part of the cost of airport improvements, construction, and rehabilitation, and the acquisition of real and personal property, including operating equipment for the airports, which bonds— (A) shall not constitute a debt of either jurisdiction or a political subdivision thereof; and (B) may be secured by the Airports Authority's revenues generally, or exclusively from the income and revenues of certain designated projects whether or not they are financed in whole or part from the proceeds of such bonds; (3) to acquire real and personal property by purchase, lease, transfer, or exchange, and to exercise such powers of eminent domain within the Commonwealth of Virginia as are conferred upon it by the Commonwealth of Virginia; (4) to levy fees or other charges; and (5) to make and maintain agreements with employee organizations to the extent that the Federal Aviation Administration is so authorized on the date of enactment of this title. (d) CONFLICT-OF-INTEREST PROVISIONS.—The Airports

Authority

shall be subject to a conflict-of-interest provision providing that members of the board and their immediate families may not be employed by or otherwise hold a substantial financial interest in any enterprise that has or is seeking a contract or agreement with the Airports Authority or is an aeronautical, aviation services, or airport services enterprise that otherwise has interests that can be directly affected by the Airports Authority. Exceptions to requirements of the preceding sentence may be made by the official

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