A municipality may petition the Secretary to serve as its agent to accept, receive, account for, and disburse all funds granted by the United States for an airport project. If the Secretary agrees to serve as agent, the municipality shall enter into an agreement with the Secretary prescribing the terms and conditions of the agency relationship in accordance with any applicable federal or State laws or regulations. (Added 1985, No. 222 (Adj. Sess.), § 2; amended 2011, No. 62, § 18.)