6 Miss. Code. R. 1-20.5 - Definitions

A. "Additional Service" is defined as an increase in the number of flights over the highest monthly frequency on passenger service between the commercial service airport and an existing market over the previous twelve (12) months of service, including seasonal service.

B. "Airport" refers to existing commercial service airports in counties in the state in which legal gaming is being conducted or is authorized.

C. "Approved Carrier" is an Applicant that has received a grant agreement from MDA.

D. "Applicant" shall mean a Commercial Airline providing Additional Service or New Service that may have entered into agreements with Mississippi Entities and is applying to MDA under this grant program.

E. "Commercial Airline" is a Part 121 Air Carrier.

F. "Expenses Actual" or "Actual Expenses" is defined as the total expense the Applicant incurs in operating the Additional Service and/or New Service at the Airport.

G. "Expenses Projected" or "Projected Expenses" is defined as the total expense the Applicant reasonably expects to incur in operating the proposed Additional Service and/or New Service at the Airport.

H. "Grant Period" refers to a period of up to twenty-four (24) months covered under the grant agreement in which MDA is liable for a guaranty or reimbursement of eligible expenses. The Grant Period will begin on a date agreed to in the grant agreement. Based upon the specifics of the grant agreement, the Applicant may provide seasonal service for several months during this period.

I. "Mississippi Entities" or "Mississippi Entity" for the purpose of this program shall refer to one or more gaming entities, community organizations, or other entities that will contract with a Part 121 air carrier to guarantee or otherwise entice the Applicant to an Airport.

J. "Minimum Gross Operating Revenue" is the minimum revenue the Applicant reasonably expects to earn to cover its Expenses Projected related to the operation of the proposed Additional Service and/or New Service at the Airport.

K. "New Service" is defined as a new destination served by a Commercial Airline for passenger service from the Airport, including seasonal service. The service could not have been in place at the Airport by the same Applicant for a minimum of two years prior to application date.

L. "Return on Investment" is defined as the projected financial impact on a community in additional tax revenue, direct and indirect jobs, and additional community impacts if New Service or Additional Service is brought to the Airport.

M. "Revenue Actual" or "Actual Revenue" is defined as the total revenue the Applicant realizes from all sources, including any discounts, credits, waivers of fees or the like in operating the proposed Additional Service and/or New Service at the Airport.

N. "Revenue Projected" or "Projected Revenue" is defined as the total revenue the Applicant reasonably expects to realize from all sources, including any discounts, credits, waivers of fees or the like in operating the proposed Additional Service and/or New Service at the Airport.

House Bill 1074, Regular Session 2016

Notes

6 Miss. Code. R. 1-20.5

Adopted 11/23/2016