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AAAE CM EXAM > Module 1 Finance > Flashcards

Module 1 Finance Flashcards

1
Q

What year was the Kelley Air Mail Act Established?

A

1925, US Gov. hires private contractors to carry mail

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2
Q

What year was the Air Commerce Act Established?

A

1938, promote aviation stability (ATC Rules, Nav aids, Airways)

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3
Q

What year was the Civil Aeronautics Act Established?

A

1938, Transfered Fed Gov Civil Aviation role from the DOC to the CAA, Civil Aeronautics Authority

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4
Q

What year was the Reorganization Act Established?

A

1940, Splits the CAA into the CAB

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5
Q

What year was the Federal Airport Act Established?

A

1946, Help Gov build infrastructure with the Federal Aid to Airports Program (FAAP) predecessor to the NPAIS

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6
Q

What year was the DOT Act Established?

A

DOT Created, Fed Aviation Agency becomes the Fed Aviation Administration

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7
Q

What year was the Federal Aviation Act Established?

A

1958, CAB becomes the Federal Aviation Agency

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8
Q

Airport and Airways Development and Revenue Act?

A

1970, Established the Airport Development Aid Program (ADAP) to provide money to Airports. Part 139 Established

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9
Q

What year was the Aviation and Airway Revenue Act?

A

1970, Established Aviation trust fund, revenues from airline fares and fuel

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10
Q

What year was the Airline Deregulation?

A

1978, No more regulation

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11
Q

Patch Strike?

A

1981, 13,000 ATC’rs fired

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12
Q

What year was the Airport and Airways Improvement Act?

A

1982, Establishes the Airport Improvement Program (AIP); established the NAS which becomes the NPIAS. Established noise rules, Part 150

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13
Q

What year was the Aviation Noise and Capacity Act?

A

1990, Created the PFC at $3.00. New noise standards Part 161

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14
Q

What year was the Military Airport Program?

A

1991, Set Aside AIP funds for military airports

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15
Q

What year was the Aviation Investment and reform Act for the 21st Century?

A

2000, Increase PFC cap to $4.50 for Large and Medium Hub airports

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16
Q

What year was the Aviation and Transportation Security At?

A

2001, TSA created under the DOT

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17
Q

What year was the Homeland Security Act?

A

2002, Creates the DHS, TSA moves under the DHS.

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18
Q

What year was the Vision 100 Century of Aviation Reauthorization Act?

A

2003, Authorizes funding for NexGen

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19
Q

What year was the Implementing Recommendations of the 9/11 Commission Act?

A

2007, Requires Air Cargo Screening

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20
Q

What year was the FAA Modernization and reform act?

A

2012, AIP reauthorized. NextGen emphasized

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21
Q

Government Immunity

A

Government cannot be sued

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22
Q

Infraction?

A

Similar to a Traffic Ticket

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23
Q

Misdemeanor

A

Jail No more than one year

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24
Q

Civil Law (Tort or Contract Law)

A

Crime against a person

25
Q

Criminal Offense

A

Crime against the community

26
Q

Freedom of Movement

A

Freedom of Protestors/individuals taking pictures of security cannot be arrested by Ops. Police have to do it.

27
Q

Governmental Immunity

A

Government cannot do wrong and be sued

28
Q

Quiet Enjoyment

A

promises that the grantee or tenant of an estate in real property will be able to possess the premises in peace, without disturbance by hostile claimants.

29
Q

FAR Part 77

A

Obstructions to Navigable AirSpace

30
Q

FAR Part 139

A

Commercial Airport Safety Requirements, 450 Commercial Airports in the US

31
Q

FAR Part 150 and 161

A

150 Is Airport noise planning. 161 rare, notice and approval of airport noise and Accra restrictions.

32
Q

Aviation Security Regs moved to Title 49

A

Part 1500

33
Q

Airport Security is what FAR

A

Part 1542

34
Q

Aircraft Ops is what FAR

A

Part 1544

35
Q

Engine noise is What FAR

A

Part 36

36
Q

What is NPRM

A

Notice of Proposed Rule-Making. Agency writes regulation, then send the regs out for feedback from the public that lasts usually 30 days. The Agency decides what they like/don’t like, then publish the final rules

37
Q

What is a Grant Assurance?

A

A promise that an airport makes to the Government when they are given money by the Government

38
Q

What does Grant Assurance: Preserving Rights and Powers?

A

Prohibits airport from taking action that would deprive it of properly managing the airport. such as Through the Fence Operations. You can do this, but the FAA does not like this.

39
Q

What does Grant Assurance: Operations and Maintenance

A

Requires airport will be operated in safe conditions at all times. It has Minimum Standards that business must meet (hours of Operations, services provided) Rules and regulations can be used to ensure safe operation.

40
Q

What does Grant Assurance: Hazard Removal mitigation and Compatible land Use. These two go hand in hand

A

The Airport is responsible for protecting the Airspace and the land around the airport. Whether they control the land or not.

41
Q

What does Grant Assurance: Economic Non discrimination and Exclusive Rights

A

The airport has to allow people to conduct business on the airport. Must be available for public use without discrimination for all types of Aeronautical activities. Exclusive Rights: Airport cannot grant a business to conduct that specific business unless the airport controls that business (Like selling fuel or food)

42
Q

What does Grant Assurance: Fee and Rental Structure

A

Requires airport to set fees and lease rates and other charges that are directed at making the airport self-sustaining.

43
Q

What does Grant Assurance: Airport Revenue

A

Must be used at the airport or within the airport system. Including selling or leasing airport land or equipment. ALL FEES and ALL REVENUE has to stay at the airport.

44
Q

What is Revenue Diversion?

A

Money used to pay for Police or Fire that are needed at the airport. You have to benefit

45
Q

What does Grant Assurance: Disposal Land

A

Money made from sale of land goes into Aviation Trust fund or goes into a Capital Project

46
Q

What does Grant Assurance: Competitive Access

A

Medium or Large Hug Airports that cannot accommodate additional air carrier service due to lack of space. You can say no! Unless they want to spend the money to build and develop more

47
Q

FAA Orders and Advisory Circulars

A

the FAA Orders explain the regulation. The AC tells you how to achieve the FAA Order. SOME AC’s CAN BE MADE MANDATORY.

48
Q

What is Disadvantage Business Enterprises (DBE)

A

Any company that has at least 51% or more ownership of a minority or woman owned business. You have to give at least 10% of the cost of a project to a DBE because you are funded by Federal Money.

49
Q

What is considered a Commercial Service Airport?

A

A publicly owned airport with at least 2500 pax boarding per year.

50
Q

What is a Primary Commercial Service Airport?

A

A publicly owned airport with at least 10,000 pax boarding per year.

51
Q

What is a GA reliever Airport?

A

Relieve commercial airports from GA traffic. That way a 172 isn’t in the way of the big guys.

52
Q

What FAR Part talks about filing complaints against and airport?

A

Part 13 and Part 16

53
Q

What FAR is Part 13

A

Informal Complaint against the airport. You can lose grant money if found guilty.

54
Q

What FAR is Part 16

A

Formal Complaint against the airport. Lawyers are involved and it is much more formal.

55
Q

When did the TSA take over security from the FAA?

A

After 9/11

56
Q

What does the NTSB do?

A

They investigate accidents usually only over 12,500 pounds where an injury is involved

57
Q

Part 16 complaints about airport operating policies and practices, can be dismissed by?

A

The Director of the Office of Airport Safety and Standards

58
Q

What FAA office provides oversight of airport compliance with Part 139?

A

Airport District Office

59
Q

What agency may make rules regarding aircraft operations after an accident?

A

The Federal Aviation Administration

AAAE CM EXAM (1 decks)

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