Source: https://www.law.cornell.edu/uscode/text/49/47135
Timestamp: 2017-11-22 18:11:44
Document Index: 783118459

Matched Legal Cases: ['§ 47135', '§ 47135', '§ 47135', '§\u202f47135', '§\u202f132', '§\u202f156']

49 U.S. Code § 47135 - Innovative financing techniques | US Law | LII / Legal Information Institute
U.S. Code › Title 49 › Subtitle VII › Part B › Chapter 471 › Subchapter I › § 47135
49 U.S. Code § 47135 - Innovative financing techniques
§ 47135.
The Secretary of Transportation may approve, after the date of enactment of the Vision 100—Century of Aviation Reauthorization Act, applications for not more than 20 airport development projects for which grants received under this subchapter may be used for innovative financing techniques. Such projects shall be located at airports that each year have less than .25 percent of the total number of passenger boardings each year at all commercial service airports in the most recent calendar year for which data is available.
The purpose of grants made under this section shall be to provide information on the benefits and difficulties of using innovative financing techniques for airport development projects.
(1)No guarantees.—
In no case shall the implementation of an innovative financing technique under this section be used in a manner giving rise to a direct or indirect guarantee of any airport debt instrument by the United States Government.
(2)Types of techniques.—In this section, innovative financing techniques are limited to—
(Added Pub. L. 106–181, title I, § 132(a), Apr. 5, 2000, 114 Stat. 80; amended Pub. L. 108–176, title I, § 156, Dec. 12, 2003, 117 Stat. 2508.)
2003—Subsec. (a). Pub. L. 108–176 inserted “, after the date of enactment of the Vision 100—Century of Aviation Reauthorization Act,” after “approve” in first sentence.