Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 20 - Mississippi Air Service Growth Program (MASGP) › Rule 6-1-20.5 - Definitions

Current through June 25, 2024
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