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of land, approval of a release from obligations from the State/FAA, any of which <br /> will require 18 months, or longer; and <br /> j. through the fence access shall be reviewed and approved by the State; and <br /> k. it will acquire all property interests identified as needed for the purposes of this <br /> project and comply with all applicable state and federal laws, rules, regulations, <br /> procedures, covenants and assurances required by the State of Texas or the FAA <br /> in connection with the federal grant in the acquisition of such property interests; <br /> and that airport property identified within the scope of this project and Attorney's <br /> Certificate of Airport Property Interests shall be pledged to airport use and shall <br /> not be removed from such use without prior written approval of the State; and <br /> 1. the Sponsor shall submit to the State annual statements of airport revenues and <br /> expenses as requested; and <br /> in. all fees collected for the use of an airport or navigational facility constructed with <br /> funds provided under the program shall be reasonable and nondiscriminatory. The <br /> proceeds of such fees shall be used solely for the development, operation, and <br /> maintenance of the Sponsor's system of airport(s) or navigational facility(ites). <br /> n. an Airport Fund shall be established by resolution, order, or ordinance in the <br /> treasury of the Sponsor, or evidence of the prior creation of an existing airport <br /> fund or a properly executed copy of the resolution, order, or ordinance creating <br /> such a fund shall be submitted to the State. Such fund may be an account within <br /> another fund but must be accounted for in such a manner that all revenues, <br /> expenses,retained earnings,and balances in the account are discernible from other <br /> types of moneys identified in the fund as a whole. All fees, charges, rents, and <br /> money from any source derived from airport operations must be deposited in said <br /> Airport Fund and shall not be diverted to the general revenue fund or any other <br /> revenue fund of the Sponsor. All expenditures from the Airport Fund shall be <br /> solely for airport or airport system purposes. Sponsor shall be ineligible for a <br /> subsequent grant or loan by the State unless,prior to such subsequent approval of <br /> a grant or loan, Sponsor has complied with the requirements of this subparagraph; <br /> and <br /> o. for federally funded projects any revenue from airport property mineral rights be <br /> identified as airport revenue; deposited to the airport fund and used for airport <br /> operations; and <br /> P. the Sponsor must operate and maintain the lighting system during the useful life <br /> of the system in accordance with applicable FAA standards. <br /> q. insofar as it is reasonable and within its power, Sponsor shall adopt and enforce <br /> zoning regulations to restrict the height of structures and use of land adjacent to <br /> or in the immediate vicinity of the airport to heights and activities compatible with <br /> normal airport operations as provided in Tex. Loc. Govt. Code Ann. §§241.001 et <br /> Page 8 of 44 V.9-1-23 <br />