2004-2006 Statewide Transportation Improvement Program (Stip) : Final Copy 2003

Cover 2004-2006 Statewide Transportation Improvement Program (Stip) : Final Copy 2003
2004-2006 Statewide Transportation Improvement Program (Stip) : Final Copy 2003
Montana.Dept. of Transportation
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Airport development grants and loans are available to public use airports. Maximum grant can be up to 50% of the sponsor share of project cost. Maximum loans can be up to 100% of sponsor share of cost. Under the Airport/Airway Bureau administered loan and grant program, the bureau works closely with the FAA in determining which airport projects require funding assistance and when. Because of this coordination with the FAA, the state can provide additional financial assistance to airport sponsor...s to help leverage federal funds. Airports that receive federal airport improvement program (AlP) funding are required to pay 10% of the total project costs with the FAA providing the remaining 90%. If the airport sponsors can secure a grant from the Aeronautics Division, they can use that grant to pay half the sponsors required share. The remaining 5% owed by the sponsor for the project may be able to be paid by obtaining a low interest loan from the Aeronautics Division. The funding for the Aeronautics loan and grant program is provided by a 2 cent per gallon general aviation fuel tax from which military aviation and the airlines that operate within the state are exempt.

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