[Federal Register Volume 59, Number 235 (Thursday, December 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30223]
[[Page Unknown]]
[Federal Register: December 8, 1994]
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DEPARTMENT OF TRANSPORTATION
Innovative Financing Request for Information
agency: Federal Aviation Administration (FAA), DOT.
action: Notice.
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summary: The Federal Aviation Administration requests information and
assistance in exploring innovative financing concepts for critically
needed airport development. The FAA requests that interested parties
provide information that will assist the agency in evaluating the
merits of the alternative mechanisms under consideration. In addition,
interested parties are invited to propose other concepts or mechanisms,
not identified in this notice but worthy of consideration, that may
enhance the leveraging of Federal grant and local funds. The concepts
identified thus far for inclusion in the FAA's study are:
Loans of Federal funds.
Federal Guarantees for loan repayment.
AIP or Federal funding of loan insurance, or other enhancements for
borrower debt, including utilizing unobligated AIP contract authority
and/or unobligated balances in the Airport and Airway trust fund.
AIP funding for debt service reserves.
Identification and elimination of Federal policy impediments to private
investment in airport development.
In addition to information on these or other financing mechanisms,
comments on which types of airports, or which types of development
projects may be most benefited from any of these or other financing
mechanisms are welcomed.
dates: Information received by January 9, 1995, will be most useful to
the Federal Aviation Administration in preparing this study.
addresses: Responses to this request should be sent to: Federal
Aviation Administration, Office of the Assistant Administrator for
Airports, Attn: Passenger Facility Charge Branch, 800 Independence
Avenue, Washington, DC 20591.
for further information contact: Donna P. Taylor, Manager, Passenger
Facility Charge Branch (APP-530), Airports Financial Assistance
Division, Federal Aviation Administration, 800 Independence Avenue,
SW., Washington, DC 20591; telephone (202) 267-9318.
supplementary information: This study is being conducted pursuant to
the Department of Transportation's Investment Partnership initiative,
and in response to a requirement for a study of Innovative Financing
contained in section 520 of the Federal Aviation Administration
Authorization Act of 1994. Further, this effort reflects the direction
provided by the President in Executive Order 12893, ``Principles for
Federal Infrastructure Investments,'' signed on January 26, 1994.
Issued in Washington, DC on December 1, 1994.
Cynthia Rich,
Assistant Administrator for Airports.
[FR Doc. 94-30223 Filed 12-7-94; 8:45 am]
BILLING CODE 4910-13-M
