Sec. 201 Establishment of public-private partnership program at general aviation airports
“48115. General aviation public-private partnership program
“(a) Small airport public-Private partnership program—The Secretary of Transportation shall establish a program that meets the requirements under this section for improving facilities at—
“(1) general aviation airports; and
“(2) privately owned airports used or intended to be used for public purposes that do not have scheduled air service.
“(b) Application required—The operator or sponsor of an airport, or the community in which an airport is located, seeking, on behalf of the airport, to participate in the program established under subsection (a) shall submit an application to the Secretary in such form, at such time, and containing such information as the Secretary may require, including—
“(1) an assessment of the needs of the airport for additional or improved hangars, airport businesses, or other facilities;
“(2) the ability of the airport to leverage private sector investments on the airport or develop public-private partnerships to build or improve facilities at the airport; and
“(3) if the application is submitted by a community, evidence that the airport supports the application.
“(c) Limitation
“(1) State limit—Not more than 4 airports in the same State may be selected to participate in the program established under subsection (a) in any fiscal year.
“(2) Dollar amount limit—Not more than $500,000 shall be made available for any airport in any fiscal year under the program established under subsection (a).
“(d) Priorities—In selecting airports for participation in the program established under subsection (a), the Secretary shall give priority to airports at which—
“(1) the operator or sponsor of the airport, or the community in which the airport is located—
“(A) will provide a portion of the cost of the project for which assistance is sought under the program from local sources;
“(B) will employ best business practices in developing or implementing a public-private partnership; or
“(C) has established, or will establish, a public-private partnership to build or improve facilities at the airport; or
“(2) the assistance will be used in a timely fashion.
“(e) Types of assistance—The Secretary may use amounts made available under this section—
“(1) to provide assistance to market an airport to private entities or individuals in order to leverage private sector investments or develop public-private partnerships for the purposes of building or improving hangars, businesses, or other facilities at the airport;
“(2) to fund studies that consider what measures an airport should take to attract private sector investment at the airport; or
“(3) to participate in a partnership described in paragraph (1) or an investment described in paragraph (2).
“(f) Authority To make agreements—The Secretary may enter into agreements with airports and entities entering into partnerships with airports under this section to provide assistance under this section.
“(g) Availability of amounts from Airport and Airway Trust Fund
“(1) In general—There is authorized to be appropriated, out of the Airport and Airway Trust Fund established under section 9502 of the Internal Revenue Code of 1986, $5,000,000 for each of the fiscal years 2020 through 2025 to carry out this section. Amounts appropriated pursuant to this paragraph shall remain available until expended.
“(2) Availability—Amounts appropriated pursuant to paragraph (1)—
“(A) shall remain available until expended; and
“(B) shall be in addition to any amounts made available pursuant to section 48103.”