The annual lease payment rises to $15,000,000 in 2027 dollars from 2027
What the document says“under the lease, the Airports Authority must pay to the general fund of the Treasury annually an amount, computed using the GNP Price Deflator--”
The section rewrites section 49104(b) of title 49, United States Code so that the Airports Authority pays the general fund of the Treasury each year, computed using the GNP Price Deflator, an amount equal to $3,000,000 in 1987 dollars for the period from 1987 to 2026 and $15,000,000 in 2027 dollars for 2027 and later years.
What the document actually says“under the lease, the Airports Authority must pay to the general fund of the Treasury annually an amount, computed using the GNP Price Deflator--”
The airports authority must pay the Treasury each year. The sum is worked out with a price measure.
Through 2026 the base is $3 million in 1987 dollars. From 2027 the base is $15 million in 2027 dollars. The price measure keeps it level over time.
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