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Easier Airport Modernization Funding: New Federal Loan Rules.

This law simplifies the process for airports to secure large federal loans (TIFIA) for infrastructure upgrades. It broadens the types of projects eligible for funding, now including those that do not directly generate revenue, such as security enhancements or ground transportation access. The goal is to accelerate construction and renovations, leading to better passenger service and increased airport safety.
Key points
More airport projects qualify for federal loans, including security upgrades, parking facilities, and ground transportation access, regardless of whether they generate revenue.
Administrative and financial waivers speed up the process of obtaining funds for airport modernization.
The maximum loan amount for smaller, streamlined projects increases from $75 million to $100 million.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_6168
Sponsor: Rep. Hurd, Jeff [R-CO-3]