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 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.21.15

Airborne 05.22.15

 

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 05.27.15: Did Boeing Over-Promise?, Anti-KSMO Chicanery, Jimmy Stewart

Also: FAA Hiring Astray?, Comparison Shopping LSAs, Philippines Flying Limitations, Asteroid Redirect, Wings Of Mercy, Student Launch Challenge, Alaska Air In 2013, the State of Wa>[...]

AeroSports Update: LadiesLoveTaildraggers Fly-in Canceled

Bad Weather Hammers Sulfur Springs Texas Airport And The Ladies Who Love Taildraggers Shut Down Their May 29-31 Fly-in Just in case you haven’t been watching the news, the Mi>[...]

ANN's Daily Aero-Linx (05.28.15)

Lessons Learned From Transport Airplane Accidents This Lessons Learned From Transport Airplane Accidents library represents some of the most major accidents and their related lesso>[...]

ANN's Daily Aero-Term (05.28.15): Nautical Mile

A unit of distance used in aviation and marine navigation and marine forecasts.>[...]

Aero-News: Quote Of The Day (05.28.15)

“As a pilot, your first job is to fly your own airplane. Part of that job is to scan for other airplanes.” Source: NTSB Chair Christopher Hart.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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