Title: TIFIA for Airports Act
Policy area: Transportation and Public Works

Summary:
TIFIA for Airports Act
This bill qualifies certain airport-related projects (e.g., airport development and planning, terminal development, airport noise planning) for financing under the Transportation Infrastructure Finance and Innovation Act (TIFIA). The TIFIA program provides credit assistance, direct loans, and loan guarantees to national or regional transportation projects.
The Department of Transportation may enter into an agreement to provide financing under TIFIA for an airport-related project until September 30, 2020, and may extend such deadline to March 30, 2021.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3647 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3647

 To allow airport projects to be eligible to participate in the TIFIA 
                    program, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 15, 2018

  Ms. Duckworth (for herself and Mr. Perdue) introduced the following 
bill; which was read twice and referred to the Committee on Environment 
                            and Public Works

_______________________________________________________________________

                                 A BILL


 
 To allow airport projects to be eligible to participate in the TIFIA 
                    program, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``TIFIA for Airports Act''.

SEC. 2. PROJECT ELIGIBILITY.

    (a) In General.--Notwithstanding any other provision of law, an 
eligible airport-related project (as defined in section 40117(a) of 
title 49, United States Code) shall be considered to be a project under 
section 601(a)(12) of title 23, United States Code.
    (b) Credit Subsidy Limitation.--
            (1) In general.--Of the amounts made available to carry out 
        the TIFIA program (as defined in section 601(a) of title 23, 
        United States Code), not more than $10,000,000 may be used for 
        subsidy costs of Federal credit instruments for projects 
        described in subsection (a).
            (2) Rule of construction.--Paragraph (1) shall not apply to 
        projects described in subparagraphs (A) through (E) of 
        subsection 601(a)(12) of title 23, United States Code.
    (c) Period of Applicability.--
            (1) In general.--Except as provided in paragraph (2), the 
        Secretary of Transportation may enter into an agreement to make 
        a secured loan or loan guarantee, or make available a line of 
        credit, for a project described in subsection (a) only during 
        the period beginning on the date of enactment of this Act and 
        ending on September 30, 2020.
            (2) Extension.--If the Secretary of Transportation does not 
        enter into any agreement under paragraph (1) before September 
        30, 2020, the Secretary of Transportation may--
                    (A) extend the period under that paragraph to March 
                30, 2021; and
                    (B) enter into only 1 agreement to make a secured 
                loan or loan guarantee, or make available a line of 
                credit, for a project described in subsection (a).
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