Aviation Legislation: Airport and Airway Development Act or 1970
Hi all,
The instrumental law I have chosen is the Airport and Airway Development Act of 1970. This legislative act was developed for the sole purpose of "filling the gaps" in funding for airports and airways, which was desperately needed during the popularity and growth of commercial aviation at the time (Airport and Airway Development Act of 1970 1999). The budget was greater than $11 billion dollars, however it was funded throughout the implication of taxes. These taxes were rendered on commercial airline tickets and paid for by the passengers. The powers at play decided to implement taxes on items of note such as: waybills, aircraft fuel, and new aircraft registrations. An easy comparison of this would be toll roads. As tolls provide money for new infrastructure and roads, these taxes provided the funding for more modernized airports.
References:
Airport and Airway Development Act of 1970 . Airport and airway Development act of 1970. (1999). http://avstop.com/history/needregulations/act1970.htm.

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