Ratemaking Overview

Settlement & True-Up

Not available

Landing Fee Methodology

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

The Authority has reserved the right to issue additional parity bonds payable from the same sources and secured by the same revenues as the Bonds, subject to terms and conditions in the Bond Resolution and Prior Resolutions. No specific historical or projected test details provided in excerpts.

Rate Covenant

The Authority covenants to fix, establish, maintain and collect rates and charges sufficient to: (a) pay O&M costs; (b) pay principal and interest on all Bonds when due; (c) yield Net Revenues Available for Debt Service not less than 125% of Maximum Annual Debt Service on all Bonds outstanding; (d) provide reasonable and adequate reserves. The Authority will revise rates and charges, including tax rates, as necessary to maintain these obligations.

Flow of Funds

Not explicitly described in excerpts provided. The OS states Bonds are payable from net income and revenues from Airport operations and the limited taxing power of the Authority.