17 AAC 45.220 - Lease, permit, concession, or other interest term limitations
(a) The maximum
period for the term of a lease, permit, concession, or other interest,
including extensions and periods of holdover, relating to an airport is 55
years.
(b) Before the department
approves or extends the term of a lease, permit, concession, or other interest
for a non-aeronautical use of a premises that the department has determined in
writing will be needed for an aeronautical use in the future, the department
will first estimate when the premises will likely be needed for aeronautical
use. A term or a term extension for a nonaeronautical use of those premises may
not run beyond the time that the department estimates the premises will become
needed for an aeronautical use and is subject to further extension only to the
extent that need does not arise or is otherwise satisfied or deferred by the
department.
(c) Before the
department approves or extends the term of a lease, permit, concession, or
other interest for any use of a premises that the department has determined in
writing will be needed for airport development in the future, the department
will first estimate when the premises will likely be needed for airport
development. A term or a term extension for use of those premises may not run
beyond the time that the department estimates the premises will become needed
for airport development and is subject to further extension only to the extent
that need does not arise or is otherwise satisfied or deferred by the
department.
Notes
Authority:AS 02.15.020
AS 02.15.060
AS 02.15.090
AS 02.15.210
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