STANDARDS & DISCLOSURE

MINIMUM STANDARDS

Airport minimum standards are implemented to provide the threshold entry requirements (qualifications, levels of service, facilities, insurance) for those wishing to provide aeronautical services to the public and to insure that those who have undertaken to provide commodities and services as approved are not exposed to unfair or irresponsible competition. Minimum standards have been in place at many airports nationwide and are supported by the FAA. Our Minimum Standards were developed taking into consideration the aviation role of the Tupelo Regional Airport, facilities that currently exist at the airport, services currently being offered at the airport, and the future development and aviation services planned for the airport. These minimum standards and guidelines contain the minimum levels of service, facilities, staffing, insurance, and environmental compliance that must be met by the prospective service provider. The uniform application of these standards relates primarily to the public interest by discouraging substandard entrepreneurs and mandating insurance coverage levels, thereby protecting the airport, airport patrons and established aeronautical activities.

DISCLOSURE

The Tupelo Airport Authority (Authority) owns and operates Tupelo Regional Airport in Tupelo, Mississippi. As set forth by the Federal Aviation Administration (FAA) by way of its Airport Sponsor Assurances, any airport developed with Federal grant assistance is required to operate for the use and benefit of the public and is to be made available to all types, kinds, and classes of aeronautical activity on fair and reasonable terms and without unjust discrimination. As the airport sponsor, Authority receives Federal airport development funding. This Rates and Fees Policy will assist Authority in maintaining compliance with the Airport Sponsor Assurances, so as not to jeopardize the ability to obtain future Federal airport development funding. This policy has further been developed to assist the authority to compete fairly with other airports and to maintain fiscal responsibility and oversight of the assets entrusted to the Authority by the residents of the State of Mississippi.