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 05.28.15

Airborne 05.29.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.27.15

Airborne 05.28.15

Airborne 05.29.15

 

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 05.28.15: LA Heli Noise, Another NIMBY Case Defeated, GoodBye VOR/NDB

Also: Gone West: Tuskegee Airman LtC Mosley, Union Warned, E-4B Returns, All-Female UAL Crew, Malaysia Woes, Luke's 56th FW Last week, the FAA released a document stating that sign>[...]

AeroSports Update: BASE Jumpers Want Jumping Rights In National Parks

A Petition Has Been Posted To Remove BASE Jumping From U.S. National Park Aerial Delivery Law BASE jumping certainly falls into the category of extreme sports. Base jumping activis>[...]

AD: Slingsby Aviation Ltd. Airplanes

AD NUMBER: 015-11-01 PRODUCT: Slingsby Aviation Ltd. Models T67M260 and T67M260-T3A airplanes.>[...]

AD: International Aero Engines AG Turbofan Engines

AD NUMBER: 2015-10-04 PRODUCT: All International Aero Engines AG (IAE) V2500-A1, V2525-D5, and V2528-D5 turbofan engines, and certain serial numbers (S/Ns) of IAE V2522-A5, V2524-A>[...]

ANN's Daily Aero-Linx (05.29.15)

The North American Trainer Association (NATA) This is an independent, non-profit corporation dedicated to the restoration and safe flying of North American Trainers such as the AT->[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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