Section 1 Short title
This Act may be cited as the “TIFIA for Airports Act”.
TIFIA for Airports Act
A BILL
To allow airport projects to be eligible to participate in the TIFIA program, and for other purposes.
Sec. 2 Project eligibility
In general— Notwithstanding any other provision of law, an eligible airport-related project (as defined in section 40117(a) of title 49, United States Code) shall be considered to be a project under section 601(a)(12) of title 23, United States Code.
Credit subsidy limitation—
In general— Of the amounts made available to carry out the TIFIA program (as defined in section 601(a) of title 23, United States Code), not more than $10,000,000 may be used for subsidy costs of Federal credit instruments for projects described in subsection (a).
Rule of construction— Paragraph (1) shall not apply to projects described in subparagraphs (A) through (E) of subsection 601(a)(12) of title 23, United States Code.
Period of applicability—
In general— Except as provided in paragraph (2), the Secretary of Transportation may enter into an agreement to make a secured loan or loan guarantee, or make available a line of credit, for a project described in subsection (a) only during the period beginning on the date of enactment of this Act and ending on September 30, 2020.
Extension— If the Secretary of Transportation does not enter into any agreement under paragraph (1) before September 30, 2020, the Secretary of Transportation may—
extend the period under that paragraph to March 30, 2021; and
enter into only 1 agreement to make a secured loan or loan guarantee, or make available a line of credit, for a project described in subsection (a).