Sec. 160. AIRPORT INVESTMENT PARTNERSHIP PROGRAM

319 words·~1 min read·/statute-compilations/comps-15561/sec-160

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 160 AIRPORT INVESTMENT PARTNERSHIP PROGRAM ###

(a)In General Section 47134 of title 49, United States Code, is amended— ####

(1)by striking the section heading and inserting “Airport investment partnership program”; ####

(2)in subsection (b), by striking “, with respect to not more than 10 airports,”; ####

(3)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”; ####

(4)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”; ####

(5)by amending subsection

(d)to read as follows: > > ### “(d) Program Participation > > > #### “(1) Multiple airports > > The Secretary may consider applications under this section submitted by a public airport sponsor for multiple airports under the control of the sponsor if all airports under the control of the sponsor are located in the same State. > > > #### “(2) Partial privatization > > A purchaser or lessee may be an entity in which a sponsor has an interest.” > ; and ####

(6)by striking subsections

(l)and

(m)and inserting the following: > > ### “(l) Predevelopment Limitation > > 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.” > . ###

(b)Clerical Amendment **[**[49 U.S.C. 471101](/us/usc/t49/s471101)**]** 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.” ".

Connections1 off-index

1 reference not yet in our index

49 USC 471101

Citation graph

cites case law

Sec. 160

AIRPORT INVESTMENT PARTNERSHIP PROGRAM

Cite49 USC 471101

Cites 1Cited by 0 across 0 sources