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 11.26.14 ** HD iPad-Friendly -- Airborne 11.26.14 **
** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **

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 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

AeroSports Update: What Is An LSA, And How Do I Know?

The Term Light Sport Aircraft (LSA) Is A Description Of An Aircraft, Not A Specific Type Of Aircraft Airworthiness Certification Anyone that holds a sport pilot certificate, or any>[...]

Airborne 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

Aero-TV: SyberJet Update -- A Whole New Program

Fast and Agile -- The Latest Updates To The SyberJet Program Show Promise While at NBAA2014, ANN CEO and Editor-In-Chief, Jim Campbell, visited with Mark Fairchild, the general man>[...]

ANN's Daily Aero-Linx (11.27.14)

International Civil Aviation Organization The ICAO is a UN Specialized Agency,and a global forum for civil aviation.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC