A group of businesses and advocates of Santa Monica Airport have filed a formal complaint with the FAA, charging that the city has improperly diverted airport funds and denied airport leases. The complaint, filed under Part 16 regulations for federally funded airports, says the city has imposed interest “on purported loans at rates exceeding those allowable” under FAA policy and failed to properly document loans and interest charges.
Source: avwebSanta Monica Airport Supporters File Federal Complaint