The Panama City-Bay County Airport and Industrial District (District) was established pursuant to a special act of the Legislature in 1967, recodified and amended by Chapter 2005-311, Laws of Florida, and subsequently amended by Chapter 2010-274, Laws of Florida. The District is governed by a seven-member board. Two members are appointed by the City of Panama City City Commission, two members are appointed by the City of Panama City Beach City Council, two members are appointed by the Board of County Commissioners of Bay County, Florida and one member is appointed by the Board of County Commissioners of Walton County, Florida. Members are appointed for four-year terms. The District members elect the officers of the District from amongst the members. The District has no taxing power. The District owns and operates the Northwest Florida Beaches International Airport.