Section 1 Short title
This Act may be cited as the “Airport TIFIA Financing Certainty Act”.
Airport TIFIA Financing Certainty Act
A BILL
To redefine the eligibility for airport-related TIFIA projects, and for other purposes.
Sec. 2 Infrastructure finance
Eligible projects— Section 601(a)(12)(G) of title 23, United States Code, is amended to read as follows:
“(G) any project that constructs new or improves existing aviation-related facilities, including equipment, regardless of revenue producing purposes or public accessibility, that facilitates, preserves, enhances, or expands—
“(i) air transportation;
“(ii) access to air transportation, including surface transportation, rental car, and parking facilities;
“(iii) the movement of passengers, baggage, or cargo; or
“(iv) the safety or security of airport users; and”
Determination of eligibility and project selection— Section 602(a) of title 23, United States Code, is amended—
in paragraph (3) by striking “A project” and inserting “Except for a project described in section 601(a)(12)(G), a project”; and
in paragraph (5)(B)(iii) by striking “eligible project costs” and inserting “a Federal credit instrument”.
Applicability of waiver conditions— Section 603(b)(6) of title 23, United States Code, is amended by adding at the end the following:
“(C) Applicability—The conditions described in subparagraph (B)(i)(III) and subparagraph (6)(B)(ii)(I) shall not be required for a project described in section 601(a)(12)(G) to receive a waiver under this paragraph.”
Program administration— Section 605(f)(1) of title 23, United States Code, is amended by striking “eligible project costs that are reasonably anticipated not to equal or exceed $75,000,000” and inserting “a TIFIA loan amount that is reasonably anticipated not to equal or exceed $100,000,000”.