Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

H.R. 468, Expedited Delivery of Airport Infrastructure Act of 2021 (CBO Report for Congress)

Premium   Download PDF Now (1 page)
Congress 117th
Date Requested March 24, 2021
Requested By House Committee on Transportation and Infrastructure
Date Sent April 6, 2021
Description:
The Airport Improvement Program (AIP) provides grants to airport sponsors for capital improvement projects related to airport safety, capacity, and security. H.R. 468 would expand the definition of eligible AIP project costs for future grants to include contractor incentive payments, under certain conditions. The payments would be capped at the lesser of $1 million or 5 percent of the project’s contract value. H.R. 468 would not provide additional contract authority (a mandatory form of budget authority) for the AIP or increase the program’s existing obligation limitations. Using information from the Federal Aviation Administration (FAA), CBO expects that the FAA would need to develop guidelines and amend grant language in order to implement the bill’s provisions. CBO estimates that the cost to do so would not be significant and would be subject to the availability of appropriated funds.

« Return to search CBO reports