This bill, the Airport TIFIA Financing Certainty Act, changes which airport projects can use TIFIA credit and adjusts some program rules in title 23, United States Code. It rewrites section 601(a)(12)(G) to say any project that builds or improves aviation-related facilities or equipment is eligible, even if the project does not produce revenue or is not open to the public. Eligible uses listed include supporting air transportation; access to air transportation (including surface transportation, rental car, and parking facilities); movement of passengers, baggage, or cargo; and safety or security of airport users.
The bill also amends section 602(a) to except these airport projects from one of the existing project-determination lines (changing the phrase that begins a paragraph from "A project" to "Except for a project described in section 601(a)(12)(G), a project"). It replaces the phrase "eligible project costs" with "a Federal credit instrument" in section 602(a)(5)(B)(iii). Under section 603(b)(6), the bill says two listed waiver conditions do not have to be met for a 601(a)(12)(G) airport project to receive a waiver. Finally, section 605(f)(1) is changed so the administrative threshold is based on a TIFIA loan amount reasonably anticipated not to exceed $100,000,000 instead of eligible project costs reasonably anticipated not to exceed $75,000,000.
No publicly available information on estimated costs or federal budget effects is included in the bill text or provided metadata. The bill text does change numeric program thresholds (from $75,000,000 eligible project costs to a $100,000,000 TIFIA loan amount).
The sponsors introduced the bill to redefine airport-related project eligibility for TIFIA and to adjust waiver and administration rules. Sponsors listed in the metadata include Rep. Hurd (CO), Rep. Garamendi, Rep. Gottheimer, Rep. King-Hinds, and Rep. Bera.
No publicly available information about opponents' views or stated objections is included in the bill text or provided metadata.