Sec. 609. Airport investment partnership program
130 words·~1 min read·
/bill/118/s/1939/is/section-609·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 47134(b) of title 49, United States Code, is amended by adding at the end the following: Prior to approving an application submitted under subsection (a), the Secretary may require a benefit-cost analysis. To facilitate the approval process, if a benefit-cost analysis is required, the Secretary shall issue a preliminary and conditional finding, which shall— be issued within 60 days of the sponsor’s submission of all information required by the Secretary; be based upon a collaborative review process that includes the sponsor or sponsor’s representative; not constitute the issuance of a Federal grant or obligation to issue a grant under this chapter or other authority; and not constitute any other obligation on the part of the Federal Government until the conditions specified in the final benefit-cost analysis are met. .