Airport Capital Development & Capital Funding Sources

Question 1

What do you need to consider for developing airport property?

Answer 1

1) assess
2) conduct market analysis
3) develop a Pro Forma
4) construction phase
5) operating plan

Question 2

When is industrial development bond (IDB) issued?

Answer 2

For small airports

Question 3

What’s the characteristics of a GO bond?

Answer 3

Low interest rates

Question 4

How is special faculty bond secured?

Answer 4

Revenues from funded facility and they are tax exempt

Question 5

AIP is separated into what 3 categories?

Answer 5

Entitlement
Discretionary
Set aside

Question 6

Entitlement is awarded through

Answer 6

A formula

Question 7

Set aside AIP is for

Answer 7

Noise, military, GA reliever

Question 8

Delphi is…

Answer 8

AIP electronic money dispersement program

Question 9

What amount is the minimum AIP fund?

Answer 9

$25k

Question 10

Airport Capital Improvement Program (ACIP) is

Answer 10

• details eligible project 3-5yrs out
• safety and security
• preserve and upgrade system and expand
• improve compatibility of airports and community

Question 11

What is the grant application process?

Answer 11

File pre application 
FAA issues a notice of allocation 
Letter of Intent by FAA 
Award schedule is ID
Implement 
Closeout

Question 12

PFC came about by…

Answer 12

Aviation Noise and Capacity Act

Question 13

Commercial General Liability has

Answer 13

Hangar - coverage to aircrafts
Premises - coverage to person or property
Product - coverage to fuel and oil usage