Click any annotated section or its icon to see analysis.
Section 1
1. Short title This Act may be cited as the Airport TIFIA Financing Certainty Act.
Section 2
2. Infrastructure finance Section 601(a)(12)(G) of title 23, United States Code, is amended to read as follows: 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— air transportation; access to air transportation, including surface transportation, rental car, and parking facilities; the movement of passengers, baggage, or cargo; or the safety or security of airport users; and 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. Section 603(b)(6) of title 23, United States Code, is amended by adding at the end the following: 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. 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. (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. (C)ApplicabilityThe 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..