History
The Authority was created by the Commonwealth of Virginia (1985 Acts of Assembly, Ch 598, as amended) and the District of Columbia (Regional Airports Authority Act of 1985, as amended). On June 7, 1987, Washington Dulles International Airport and Ronald Reagan Washington National Airport (formerly known as Washington National Airport) were transferred to MWAA under a 50‑year lease authorized by the U.S. Congress in the Metropolitan Washington Airports Act of 1986, Title VI of Public Law 99‑500. Prior to the transfer, the airports were owned and operated by the federal government through the Federal Aviation Administration in the United States Department of Transportation. By operation of the transfer act, all property owned by the FAA at the airports was transferred to the new Authority, with the Federal government retaining title to the lease. The original 50‑year lease has been extended to 80 years, expiring in June, 2067. Information about MWAA and the airports is available at MWAA Official Website.
Read more about this topic: Metropolitan Washington Airports Authority
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