WASHINGTON, D.C. ñ On Friday, February 3, the Conference Report of the FAA Modernization and Reform Act of 2012 was released. At the request of Congressman Ted Poe (TX-02) and Senator Hutchison, this legislation includes language that would give authority to the Federal Aviation Administration to allow U.S. cities to take revenue generated from minerals on airport lands owned by the City, to use for other transportation needs.
Current law prevent the City of Beaumont from using any of the $42 million in royalties generated from the functional gas well on the grounds of the Beaumont Municipal Airport. This language will allow the city to use some of this excess revenue for other much needed transportation improvement projects.
ìThe Federal Government should not have control over how cities use money generated from natural resources on airport lands. The revenue from the well on the Beaumont Municipal Airport property will be a valuable asset to the City of Beaumont, funding important projects to improve the infrastructure of the surrounding area,î said Congressman Poe. ìThe City owns the airport land. The City should be able to decide what is the best use of revenue generated on its land.î
Senator Kay Bailey Hutchinson (R-TX) was instrumental in getting similar language included in the Senate version of the FAA Reauthorization Bill.