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






Airborne On ANN

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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.



More News

Blue Origin Makes History, But Is The System Practical?

Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]

ANN Wishes Our Readers, Listeners And Viewers A VERY Happy Thanksgiving Holiday

Yes... We Will Be On A Holiday Schedule For The Rest Of Week As the Aero-News staff observes the US holiday of Thanksgiving on Thursday, we wanted to let our readers know that ANN >[...]

Airborne 11.25.15: Blue Origin Reusable Rocket!, AMA Reacts, Transgender Pilots

Also: UK CAA, E-Fest 2015, Citizens In Space, Gulfstream G500, Dassault Falcon Jet, CFM LEAP-1A, Tuskegee's Milton Crenchaw ANN Airborne Link: /index.cfm?do=video.playVideo&vid>[...]

ANN FAQ: Disqus

A Powerful New Tool For You To Use For Your Aero-Conversations Want to start a conversation about a story you've seen on Aero-News? It's even easier with Disqus, a powerful, web-ba>[...]

Airborne 11.24.15: UAV Registration Woes, Sennheiser Bails, Poberezny Honors

Also: Hybrid Airship, Aero-Calendar, NAHF2016, R1 Airlines, Pro Line Fusion For CJ3, ERAU Prescott, Quest Kodiak ANN Airborne Link: /index.cfm?do=video.playVideo&videoid=3c2451>[...]

blog comments powered by Disqus





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