What is a signatory carrier and an MII clause? - ANSWER- Signatory carrier - major investment or commitment to airport, exercise control over airport (MII).
MII - right to approve capital projects & development.
5 steps of airport property development? - ANSWER- Assess, conduct market analysis, pro forma, construction phase, operating plan
What is the Policy Guidance Letter (PGL) - ANSWER- FAA issues PGL to add or revise guidance of an AIP
What are the 3 types of AIP money & how are they disbursed? - ANSWER- Entitlement - formula
Discretionary - left over
Set-aside - noise, military, GA reliever, state
What is the federal share of the project depending on the airport size? - ANSWER- Large Hub - 75 % (80% for Noise)
Small - 90%
What is required for a project to be eligible for AIP money? - ANSWER- Part of NPIAS
Over $25,000
Aligns with plans
Money must be available
ALP must be current
What's a PFC and how do they work? - ANSWER- PFC is passenger facility charge, free added on to each passenger ($4.50) money can be used by airports to fund projects (FAA approved). PFC revenue to be used safety, security, and capacity, reduce noise enhance com
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