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FY 2008 AIP Implementation General Guidance

FY 2008 AIP Implementation General Guidance. Oklahoma Airport Operators Association - AAAE South Central Chapter Conference. Edward N. Agnew , Manager, Arkansas/Oklahoma Airports Development Office. April 7, 2008. Initiatives/Goals. Objectives.

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FY 2008 AIP Implementation General Guidance

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  1. FY 2008 AIP ImplementationGeneral Guidance Oklahoma Airport Operators Association - AAAE South Central Chapter Conference Edward N. Agnew, Manager, Arkansas/Oklahoma Airports Development Office April 7, 2008

  2. Initiatives/Goals Objectives • Provide general overview of the 9-month extension to AIP • Discuss overall impact on funding • Present Southwest Region’s plan for awarding grants

  3. Airport and Airway Extension Act of 2008 (Public Law 110-190) A few important key points… • President signed extension on February 28, 2008 • Provides extension to aviation taxes & authority to spend from the Aviation Trust Fund through June 30, 2008 • Provides nine months of AIP program authority

  4. Airport and Airway Extension Act of 2008 (Public Law 110-190) Some important aspects of the funding… • The Act prescribes a very specific way to make the calculations • Results in $2.756 billion in funding ($2.636 billion available for grants) • The Act requires FAA to reduce apportionments and “carryovers” by 25% • Results in roughly 75% of apportionments available • Results in roughly 75% of “carryover” available • The Act presents language that prevents having to “close the books” on June 30, 2008 • Funding remains available for obligation through September 30, 2008 • FAA’s expenditure authority expires on June 30, 2008

  5. Airport and Airway Extension Act of 2008 (Public Law 110-190) With regard to AIP discretionary funding… • First priority is to ensure statutory commitments are met and high priority projects are funded • Statutory: Letter of Intent, Noise, Military Airport Program • High Priority: Runway Safety Areas, Runway Safety Action Team recommendations, Enhanced Taxiway Centerline marking Note: These priorities absorb virtually all available discretionary funds

  6. Airport and Airway Extension Act of 2008 (Public Law 110-190) Airport sponsors have 3 options: • “Take Grants Now” • “Wait and See” • “Declare Intention”

  7. Airport and Airway Extension Act of 2008 (Public Law 110-190) • Sponsors can “take grants now” based on 75% apportionments • All projects must be a useable unit of work • Contract documents may be developed in a manner to preserve flexibility if additional extension is enacted Important dates to remember: May 1: Target date to advertise and bid June 13: Last day to submit grant application June 20: Last day to submit signed grant agreement to FAA

  8. Airport and Airway Extension Act of 2008 (Public Law 110-190) • Sponsors can take a “wait and see” approach • Sponsor assumes risk when taking this approach • May lose project and money if additional extension is not enacted Important dates to remember: May 26: Target date to advertise and bid August 15: Last day to submit grant application August 22: Last day to submit signed grant agreement to FAA

  9. Airport and Airway Extension Act of 2008 (Public Law 110-190) • Sponsors can “declare their intention” to carryover their available apportionment funding for use in FY 2009 Important dates to remember: May 1: ASW target date for sponsors to notify FAA of their intention June 1: Last day to declare carryover without risk of losing money (Federal Register Notice of April 4, 2008)

  10. Thank You!

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