Senate OKs $10.5B for Airport Improvement Program

Sanchez, Humberto
June 2003
Bond Buyer;6/16/2003, Vol. 344 Issue 31657, p6
Trade Publication
The U.S. Senate in the week preceding June 25, 2003 approved a legislation that would provide the Federal Aviation Administration's airport improvement program (AIP) with $10.5 billion over three years after agreeing not to increase the number of long-distance round-trip flights from Ronald Reagan Washington National Airport to 12 per day from the current six. The legislation would allow the nation to continue to ensure the safety and efficiency of the aviation system. The Senate's action followed approval by the House of a companion measure that would provide the AIP with $14.8 billion over four years, beginning with $3.4 billion in fiscal 2004 and increasing by $200 million each year through 2007.


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