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 an auxiliary or nonaviation use of a premises that the department has determined in writing will be needed for an aviation use in the future, the department will first estimate when the premises will likely be needed for aviation use. A term or a term extension for an auxiliary or nonaviation use of those premises may not run beyond the time that the department estimates the premises will become needed for an aviation 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.

History: Eff. 3/28/2002, Register 161

Authority: AS 02.15.020

AS 02.15.060

AS 02.15.090

AS 02.15.210

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