FAA Awards Arkansas Airports $51 Million for Economic Relief as a Result of Coronavirus Pandemic
Washington,
April 14, 2020
Washington, DC—April 14, 2020….U.S. Senators John Boozman and Tom Cotton—along with Congressmen Rick Crawford, French Hill, Steve Womack and Bruce Westerman—applauded the Federal Aviation Administration (FAA) for awarding a total of $51 million in grants to Arkansas airports affected by the prevention of, preparation for, and response to the coronavirus pandemic. “These much-needed funds will help Arkansas airports continue operations, as well as support their employees and the businesses that rely on air transportation. These grants will ensure the viability of our airports once we’ve beaten the coronavirus,” the delegation said. The Coronavirus Aid, Relief, and Economic Security (CARES) Act—which recently became law with the support of the Arkansas delegation—includes $10 billion in economic relief funds for airports nationwide. The CARES Act increased funding for the Airport Improvement Program (AIP) and eliminates the need for grant recipients to contribute a matching percentage of project costs. It also creates a new funding stream that allots money based on formulas that include number of annual boardings and the amount of debt and money in reserve for each airport. Third District airports receiving funds include:
Congressman Steve Womack (AR-3) has represented Arkansas’s Third Congressional District since 2011. He serves as the Ranking Member of the House Committee on the Budget and is a member of the House Appropriations defense and transportation, housing and urban development subcommittees. ### |
