Section 170064 Of Chapter 3. Powers And Duties From California Public Utilities Code >> Division 17. >> Chapter 3.
170064
. (a) From revenues in accounts attributable to airport
operations, the port shall fund the authority for not less than one
million dollars ($1,000,000) each year until that time as the
transfer of the airport and all associated revenue sources have been
completed between the port and the authority. The authority's board
may submit a budget request for more than this amount if necessary to
carry out its duties. The port shall approve those budget requests
in a timely manner without modification or reduction. The authority
shall report its total budget expenditure amount to the port on an
annual basis and balance or carryover reserves from previous budgets.
The funding provided by this subdivision replaces any loans made to
the authority by the port under the former provisions set forth in
this subdivision requiring the port to loan the authority the sum of
one million dollars ($1,000,000).
(b) Upon the completion of the transfer of San Diego International
Airport to the authority, the authority shall assume all revenue
stream revenues to fund its activities, operations, and investments
consistent with its purposes. The sources of revenue available to the
authority may include, but are not limited to, imposing fees, rents,
or other charges for facilities, services, the repayment of bonded
indebtedness, and other expenditures consistent with the purposes of
the authority.
(c) To the extent practicable, the authority shall endeavor to
maximize the revenues generated from enterprises located on the
property of the authority.
(d) The authority may receive state and federal grants for
purposes of planning, constructing, and operating an airport and for
providing ground access to airports under its control.