ACI-NA Praises Airport Provisions In Final Economic Stimulus Package | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Sat, Feb 14, 2009

ACI-NA Praises Airport Provisions In Final Economic Stimulus Package

Includes AIP Money, Waiver Of Local Match Requirement

Lawmakers this week opted to fast track the 1,100-page, $800 billion Economic Stimulus bill, effectively preventing any meaningful review of the eight-inch-thick document... but Greg Principato, president of Airports Council International-North America (ACI-NA), had enough time to notice a number of airport provisions in the final agreement that met with his approval.

"The stimulus package will allow airports to move forward with much needed infrastructure projects while putting tens of thousands of people across the country to work," he said.

Principato says the final bill included the following provisions for airports:

  • $1.1 billion in Airport Improvement Program (AIP) funding with a requirement that up to 50 percent of the funds be obligated within 120 days and the rest within a year. The bill also waives the local match requirement, a provision strongly supported by ACI-NA.
  • $1 billion to accelerate procurement and installation of baggage screening and checkpoint security equipment at airports.
  • A two-year exemption for airport private activity bonds (PABs) from the Alternative Minimum Tax (AMT), including the refinancing of bonds issued within the past five years under the exemptions.

"Airports are an economic gateway for their communities, and today's investment by Congress will benefit them today by providing much need jobs and well into the future by ensuring the airports are ready to meet the evolving needs of the traveling public," Principato noted.

FMI: www.aci-na.org

Advertisement

More News

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.23.15: Able Flight, Diesel Archer, RutanRC!

Also: United Bars Security Expert, Airborne Advisors, NTSB Video, Avidyne, Cessna, Airport Access Tempest Plus Marketing Group has announced support for Able Flight as a Platinum L>[...]

Aspen Avionics, True Innovators, Present SnF2015 Special Event Coverage!

SnF2015 Sponsor: Always-Innovative Aspen Avionics Aspen Avionics specializes in bringing the most advanced technology and capability into general aviation cockpits. Our products in>[...]

Amazing Amphib! Lakeland 2015 Sponsor Progressive Aerodyne Goes EVERYWHERE

Progressive Aerodyne Does it All -- Land, Sea and Sky! Explore 'no limits' living in the newly FAA certified Searey Elite Amphibious Light Sport Airplane. This distinctive aircraft>[...]

ANN's Daily Aero-Linx (04.26.15)

Aerospace Web Aerospaceweb.org is a non-profit site operated by engineers and scientists in the aerospace field. The goal of this site is to provide educational information on a va>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC