Authority to be Self-sustaining

The Board shall prescribe, impose and collect rates, rentals, fees or charges for the use and services of and the facilities and commodities furnished by the airports, including landing fees as permitted, and shall revise such rates, rentals, fees, charges and landing fees from time to time whenever necessary to keep the Authority on a self-sustaining basis. The rates, rentals, fees, charges and landing fees imposed and prescribed shall produce revenue which will be at least sufficient to:

(a)Make the required payments of the principal and interest of all general revenue bonds issued by the Authority.

(b)Pay the cost of operation of the Authority and the maintenance and repair of the airports, including reserves therefor.

(c)Carry out the covenants of the bond resolution or bond resolutions authorizing the issuance of bonds.

(d)Repay the Government for advances hereafter made for or on account of the Authority, including the allocable portions of principal and interest on rehabilitation loans made for or on account of the Authority, as disclosed by historic annual financial reports of relevant operations.