Can it be? 4yr FAA Reauthorization?
News from the GA Airport Coalition
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A little over one hour ago, conference committee members for the FAA Reauthorization bill met to hammer out the final negotiations on a long-term bill. Earlier today, the House named its conferees (the Senate did so last April). It is being reported that the committee has agreed to a four-year bill (the remainder of FY 2012, and FY 2013, FY 2014 and FY 2015).
It is our understanding that funding for FAA's programs is $15.9 billion per year. Of that $15.9 billion, $3.35 billion per year will be contract authority for the Airport Improvement Program and the remainder is subject to later action by the Appropriations Committees.
The text of the conference agreement will likely be made available tomorrow, but we are certainly excited to report that a four-year bill will be a reality before the 23rd extension expires next month.
Stay tuned…. |