14 CFR 158.18

§ 158.18 Use of PFC revenue to pay for debt service for non-eligible projects.

United States · 14 CFR — Aeronautics and Space · Status: effective

Cite this

Citation: 14 CFR 158.18, § 158.18 Use of PFC revenue to pay for debt service for non-eligible projects, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/57984
Permanent ID: ys:prov:57984@1
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Full text

(a) The FAA may authorize a public agency to impose a PFC to make payments for debt service on indebtedness incurred to carry out at the airport a project that is not eligible if the FAA determines it is necessary because of the financial need of the airport. The FAA defines financial need in § 158.3. (b) A public agency may request authority to impose a PFC and use PFC revenue under this section using the PFC application procedures in § 158.25. The public agency must document its financial position and explain its financial recovery plan that uses all available resources. (c) The FAA reviews the application using the procedures in § 158.27. The FAA will issue its decision on the public agency's request under § 158.29.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.