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Code · BILL · 115th Congress · H.R. 4 (Placed on Calendar Senate) — To reauthorize programs of the Federal Aviation Administration, and for other purposes. · Sec. 553

Sec. 553. Airport investment partnership program

285 words·~1 min read·/bill/115/hr/4/pcs/section-553

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Section 47134 of title 49, United States Code, is amended— by striking the section heading and inserting ; Airport investment partnership program in subsection (b), by striking , with respect to not more than 10 airports, ; in subsection (b)(2), by striking The Secretary may grant an exemption to a sponsor and inserting If the Secretary grants an exemption to a sponsor pursuant to paragraph (1), the Secretary shall grant an exemption to the sponsor ; in subsection (b)(3), by striking The Secretary may grant an exemption to a purchaser or lessee and inserting If the Secretary grants an exemption to a sponsor pursuant to paragraph (1), the Secretary shall grant an exemption to the corresponding purchaser or lessee ; by striking subsection
(d)and inserting the following: The Secretary may consider applications under this section submitted by a public airport sponsor for multiple airports under the control of the sponsor. A purchaser or lessee may be an entity in which a sponsor has an interest. ; and by striking subsections
(l)and
(m)and inserting the following: A grant to an airport sponsor under this subchapter for predevelopment planning costs relating to the preparation of an application or proposed application under this section may not exceed $750,000 per application or proposed application. . Section 47102(3) of title 49, United States Code, is amended by adding at the end the following: predevelopment planning, including financial, legal, or procurement consulting services, related to an application or proposed application for an exemption under section 47134. . The analysis for chapter 471 of title 49, United States Code, is amended by striking the item relating to section 47134 and inserting the following: 47134. Airport investment partnership program. .
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