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Tue, Apr 08, 2003

DoT Approves Fractional Rule

Goes Next to OMB

The NBAA told us that, "On Friday, April 4, the Office of Management and Budget (OMB) officially received from the Department of Transportation (DOT) the final rule proposal that creates Part 91, Subpart K and revises Part 135. Sources say that the OMB should take no longer than 90 days to review the final rule. The OMB should have minimal concern with the rule since initial economic analyses indicate a positive economic impact on the community. The DOT expects a final decision from the OMB around June 4, 2003."

FMI: www.nbaa.org/fractional

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