Federal Register / Vol. 76, No. 16 / Tuesday, January 25, 2011 / Notices 4411 

TIFIA budget authority to pay the 

subsidy cost of credit assistance. As of 

the publication date of this notice, 

extensions of the surface transportation 

reauthorization act have been enacted 

continuing highway programs that were 

authorized through fiscal year 2009, and 

the expectation is that Congress will 

reauthorize an equivalent amount of 

budget authority for the TIFIA program 

in the future Any budget authority not 

obligated in the fiscal year for which it 

is authorized remains available for 

obligation in subsequent years. The 

TIFIA budget authority is subject to an 

annual obligation limitation that may be 

established in appropriations law. Like 

all funds subject to the annual Federalaid obligation ceiling, the amount of 

TIFIA budget authority available in a 

given year may be less than the amount 

authorized for that fiscal year. 

Consistent with the Federal Credit 

Reform Act of 1990 and the 

requirements of the Office of 

Management and Budget, the subsidy 

cost of a loan is affected by recovery 

assumptions, allowance for defaults, the 

borrower’s interest rate, and fees. The 

factors that most heavily influence the 

subsidy cost of a TIFIA loan fall into the 

recoveries category (for example, the 

repayment pledge and whether the debt 

is senior or subordinate) and the 

allowance for defaults category 

(including the credit rating on the debt 

and the degree of back-loading). The 

borrower’s interest rate will also affect 

the subsidy cost of the TIFIA loan. The 

final subsidy cost estimate is expressed 

as a percentage of the principal amount 

of the credit assistance. 

Authority: 23 U.S.C. 601–609; 49 CFR 

1.48(b)(6); 23 CFR Part 180; 49 CFR Part 80; 

49 CFR Part 261; 49 CFR Part 640. 

Issued on: January 20, 2011. 

Victor M. Mendez, 

Federal Highway Administrator. 

[FR Doc. 2011–1460 Filed 1–24–11; 8:45 am] 

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DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Notice of Intent To Rule on Application 

10–06–C–00–BOS To Impose and Use 

the Revenue From a Passenger Facility 

Charge (PFC) at General Edward 

Lawrence Logan International Airport, 

East Boston, MA 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Request for comments, notice of 

Intent to Rule on a PFC application. 

SUMMARY: This document requests 

public comment on the supplementary 

material provided by the applicant, 

Massachusetts Port Authority 

(Massport), in response to the FAA’s 

requests for clarification of its 

application to impose and use a PFC at 

General Edward Lawrence Logan 

International Airport, East Boston, 

Massachusetts. 

The FAA received additional 

documentation and information in 

support of Massport’s PFC application, 

received April 15, 2010. The FAA is 

soliciting public comment on this 

supplementary material. Once received 

and following the FAA’s review of any 

comments submitted pursuant to this 

notice, a Final Agency Decision is 

anticipated either approving or 

disapproving the application, in whole 

or in part, within 60 days of the date of 

this Notice. The ruling will be issued 

under the provisions of the 49 U.S.C. 

40117 and 14 Code of Federal 

Regulations part 158 (14 CFR part 158). 

DATES: Comments must be received on 

or before February 24, 2011. 

ADDRESSES: Comments on this 

supplemental material may be mailed or 

delivered in triplicate to the FAA at the 

following address: Ms. Priscilla Scott, 

PFC Program Manager, Federal Aviation 

Administration, Airports Division, 12 

New England Executive Park, 

Burlington, Massachusetts 01803. 

In addition, one copy of any 

comments submitted to the FAA must 

be mailed or delivered to Mr. Thomas 

Kinton, CEO and Executive Director of 

the Massachusetts Port Authority at the 

following address: One Harborside 

Drive, Suite 200S, East Boston, 

Massachusetts 02128. 

FOR FURTHER INFORMATION CONTACT: 

Priscilla Scott, PFC Program Manager, 

Federal Aviation Administration, 

Airports Division, 12 New England 

Executive Park, Burlington, 

Massachusetts 01803, (781) 238–7614. 

The application may be reviewed in 

person at 16 New England Executive 

Park, Burlington, Massachusetts. Please 

call to set up an appointment. 

In addition, any person may, upon 

request, inspect the application, notice 

and other documents germane to the 

application in person at One Harborside 

Drive, Suite 200S, East Boston, 

Massachusetts 02128. Please contact 

Massport at (617) 561–1600 to set up an 

appointment. 

SUPPLEMENTARY INFORMATION: The FAA 

invites public comment on the 

additional documentation provided by 

the applicant in response to the FAA’s 

requests for clarification in support of 

Massport’s application to impose and 

use a PFC at Boston-Logan International 

Airport, 

The supplemental material includes 

all documentation provided to the FAA 

by April 15, 2010, which was the date 

of Massport’s submission of its PFC 

application for collection and use of 

PFC revenue for various projects at 

Boston-Logan International Airport. The 

FAA will issue a decision on Massport’s 

PFC application under the provisions of 

the 49 U.S.C. 40117 and 14 CFR part 

158. 

Background: On April 15, 2010, 

Massport submitted its application to 

impose and use a PFC at Boston-Logan 

International Airport 

On May 25, 2010, the FAA sent a 

letter to Massport notifying it that the 

PFC application was substantially 

complete. 

The FAA’s decision making process 

on PFC applications may include 

publishing a notice in the Federal 

Register informing the public of the 

FAA’s intention to rule on the pending 

application and inviting public 

comment on that application. 

Consideration is given to all comments 

submitted pursuant to the Federal 

Register Notice during FAA’s 

deliberations on the application. The 

FAA responds to the substantive 

comments in its Final Agency Decision. 

In conjunction with rendering its 

decisions on PFC applications, the FAA 

determines the PFC eligibility for each 

project, and whether the eligible 

projects are adequately justified. In 

reviewing the application submitted by 

Massport, the FAA discovered that 

further clarification would be helpful to 

make its required determinations. 

Accordingly, the FAA asked Massport 

to clarify certain information on the 

eligibility of costs related to Project 

#42—Terminal ‘‘A’’ Development. 

In response to the FAA’s requests, 

Massport provided supplemental 

material in the form of e-mails, airline 

lease documents, written discussions of 

Massport’s lease practices, and rates and 

charges information which includes 

facility rent calculations indicating the 

uses of PFC revenues. 

Issued in Burlington, Massachusetts on 

January 6, 2011. 

Bryon H. Rakoff, 

Manager, Planning and Program Branch, 

Airports Division, New England Region. 

[FR Doc. 2011–1411 Filed 1–24–11; 8:45 am] 

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