Provides airport sponsors with guidance on filing FAA Form 5100-126, Financial Governmental Payment Report, and FAA Form 5100-127, Operating and Financial Summary. Announces changes to the FAA's financial reporting program and to Form 5100-127.

This AC provides basic information pertaining to FAA recommendations on commercial minimum standards and related policies. Although minimum standards are optional, the FAA highly recommends their use and implementation as a means to minimize the potential for violations of Federal obligations at federally obligated airports.

This AC cancels AC 150/5190-5 (Change 1), Exclusive Rights and Minimum Standards for Commercial Aeronautical Activities, dated June 10, 2002.