Sec. 718. Discretionary fund for terminal development costs
212 words·~1 min read·
/bill/118/hr/3935/eas/section-718A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 47119(c) of title 49, United States Code, is amended— in paragraph
(4)by striking or after the semicolon; in paragraph (5)— by striking section 47114(d)(3)(A) and inserting sections 47114(c) and 47114(d)(2)(A) ; and by striking the period at the end and inserting ; or ; and by adding at the end the following: not more than $20,000,000 of the amount that may be distributed for the fiscal year from the discretionary fund established under section 47115, to the sponsor of a nonprimary airport to pay costs allowable under subsection
(a)for terminal development projects, if the Secretary determines (which may be based on actual and projected enplanement trends, as well as completion of an air service development study, demonstrated commitment by airlines to provide commercial service accommodating at least 10,000 annual enplanements, the documented commitment of a sponsor to providing the remaining funding to complete the proposed project, and a favorable environmental finding (including all required permits) in support of the proposed project) that the status of the nonprimary airport is reasonably expected to change to primary status based on enplanements for the third calendar year after the issuance of the discretionary grant. . Section 47119(f) of title 49, United States Code, is amended by striking $20,000,000 and inserting $30,000,000 .