Who disburses funds from the AIP?

Who disburses funds from the AIP?

Since then, the AIP has been amended several times, most recently with the passage of the FAA Modernization and Reform Act of 2012. Funds obligated for the AIP are drawn from the Airport and Airway Trust fund, which is supported by user fees, fuel taxes, and other similar revenue sources.

Where does the FAA get its funding?

Airport & Airway Trust Fund
Most of the FAA’s budget is financed from the Airport & Airway Trust Fund, which receives its revenue from aviation excise taxes on airline tickets, cargo, and general aviation fuel. There is a growing surplus in the Trust Fund, yet critical aviation spending infrastructure needs go unfunded.

How are general aviation airports funded?

General aviation airports depend heavily on federal grants for financing their capital development. In 1996, general aviation airports obtained 45 percent of their total funding from AIP. In contrast, AIP represented only 10 percent of the 71 largest airports’ funding.

What are AIP funds used for?

AIP funding is usually spent on projects that support aircraft operations such as runways, taxiways, aprons, noise abatement, land purchase, and safety or emergency equipment. The funds obligated for AIP are drawn from the airport and airway trust fund, which is supported by a variety of user fees and fuel taxes.

What percentage of projects funded by AIP grants are the responsibility of airport owners and sponsors?

AIP Background For small primary, reliever, and general aviation (GA) airports, the grant covers 90 percent of eligible costs. Projects eligible for AIP grants include improvements that enhance or improve airport safety, capacity, and security, or meet environmental concerns.

What are the most significant benefits provided by the AIP for airport planning and development?

For the most part, AIP development grants support “airside” development projects such as runways, taxiways, aprons, navigation aids, lighting, and airside safety projects. Substantial AIP funds also go for state block grants and noise planning and abatement.

Is the FAA funded for 2020?

The Trust Fund provided approximately 94.4 percent of the funding for the Operations account in FY 2019 and provides about 98.9 percent of the funding for the Operations account in FY 2020.

What does AIP stand for in aviation?

An Aeronautical Information Publication (AIP) is a publication issued by or with the authority of a State and containing aeronautical information of a lasting character essential to air navigation. (

What is an AIP grant?

The Airport Improvement Program ( AIP ) airport grant program funds airport infrastructure projects such as runways, taxiways, airport signage, airport lighting, and airport markings. Airports are entitled to a certain amount of AIP funding each year, based on passenger volume. …

How much money does the airport trust fund get?

Between FY 2018 and FY 2020, however, AIP also received an additional $1.9 billion dollars in discretionary funding for airport grants from the General Fund of the U.S. Treasury, including an additional $400 million from the General Fund in FY 2020.

How much money does the trust fund make?

The Treasury Department forecast of FY 2020 Trust Fund excise tax revenues is $17.04 billion (the Trust Fund also receives interest revenue). Contact us if you have questions or need more information about the Trust Fund.

When did the FAA reauthorize the Aviation Trust Fund?

The authority to collect aviation excise taxes and to spend from the Aviation Trust Fund must be reauthorized periodically, most recently in the FAA Reauthorization Act of 2018, which was enacted on October 5, 2018.