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2016 Session

Budget Amendments - SB30 (Floor Approved)

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MWAA Supplemental Funding Authorization (language only)

Item 436 #2s

Item 436 #2s

Transportation
Secretary of Transportation

Language

Page 372, following line 12, insert:

"M.1.  Notwithstanding § 33.2-1527 B., Code of Virginia, out of the funds made available in Item 453, $25,000,000 the first year and $25,000,000 the second year shall be provided to the Metropolitan Washington Airports Authority, in the first year not prior to December 31, 2016 and in the second year not prior to December 31, 2017, for the sole purpose of reducing the airline cost per enplanement at Washington Dulles International Airport to help retain existing airlines and attract new domestic and international carriers. Payment shall not occur in either fiscal year unless the Airports authority has entered into an agreement with one or more airlines currently operating at Washington Dulles International Airport which ensures the retention of a domestic airline hub service at the airport for at least seven years beyond calendar year 2018. Under no circumstances shall payment occur until the Airports Authority enters into an agreement with the Virginia Department of Transportation that (i) requires the Airports Authority to use funds appropriated under this Item to supplement, not supplant, funds otherwise available to the Airports Authority and (ii) identifies current and future efforts of the Airports Authority to reduce airline cost per enplanement at Washington Dulles International Airport.

2. By December 1, 2016, the Secretary of Transportation shall undertake a review of the Commonwealth Aviation Fund and the governance structure of airports within the Commonwealth with commercial air service. The review shall determine whether there are modifications to the allocation of the Commonwealth Aviation Fund, including but not limited to the current statutory dedication of funding to the Metropolitan Washington Airports Authority, and the governance of airports within the Commonwealth with commercial air service that would improve air service across the Commonwealth and improve the efficiency of investments from the Fund to attracting new air service in the Commonwealth.

3. By December 1, 2016 and December 1, 2017 the Authority shall provide a report of the independent airport consultant to the Secretary of Transportation, the House Appropriations Committee, and the Senate Finance Committee on the actual and forecast airline cost per enplanement at Washington Dulles International Airport. Further, the Airports Authority shall report the additional measures taken by the Authority to reduce airline cost per enplanement including, but not limited to, development or disposal of property owned by the Authority.

4. Prior to the receipt of any Commonwealth of Virginia revenues, the Authority shall provide the MEI Project Approval Commission, as established under Chapter 47 of Title 30 Code of Virginia, a plan of finance for all long range capital improvements at all Authority facilities including, but not limited to, the long-range financial forecast for air terminal revenues as well as Commonwealth Aviation Fund revenues, audited financial statements for the previous five fiscal years, and unaudited financial statements for the current fiscal year.".



Explanation

(This amendment requires supplemental funding be provided to the Washington Metropolitan Area Airports Authority from the unobligated balances of the Priority Transportation Fund.)