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(1) Provo City shall comply with the provisions of Title 49, Section 47101, et seq., United States Code, regarding federal funds received for use at the Provo Municipal Airport.

(2) Revenue from local aviation fuel taxes (except taxes in effect on December 30, 1987) and revenues generated by the Provo Municipal Airport shall be expended for the capital or operating costs of:

(a) the airport,

(b) the local airport system, or

(c) other local facilities owned or operated by Provo City which are directly and substantially related to the air transportation of passengers or property.

(Enacted 2005-30)