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ederal airport construction grants will flow for three more months, with the June 30 enactment of an extension for Federal Aviation Administration programs. It is the latest of several stopgaps passed since September because a multiyear FAA reauthorization is stuck in the Senate. Construction groups were disappointed the FAA bill did not include revenue to fix a projected deficit in the Highway Trust Fund.
The new extension has about $740 million of additional contract authority for Airport Improvement Program aid this year. The bill’s passage is “good news because it allows FAA to get the last three-quarters of a billion dollars [for AIP] out the door in this current fiscal year,” says Todd Hauptli, American Association of Airport Executives’ senior executive vice president.
ederal airport construction grants will flow for three more months, with the June 30 enactment of an extension for Federal Aviation Administration programs. It is the latest of several stopgaps passed since September because a multiyear FAA reauthorization is stuck in the Senate. Construction groups were disappointed the FAA bill did not include revenue to fix a projected deficit in the Highway Trust Fund.
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