Local Airport Loan Program

Portal ID:
5299
Status:
Forecasted
Opportunity Type:
  • Loan
Last Updated:
Categories:

Details

Purpose:

This program provides discretionary State loans to eligible public use airports for projects that enhance an airport’s ability to provide general aviation services.

 

 

Description:

Types of projects funded by these loans include hangars, General Aviation (GA) terminals, utilities, GA fueling facilities, Caltrans Acquisition and Development eligible projects, or local share for a federal Airport Improvement Program grant.  The maximum term of a loan is 17 years.

The Department approves the amount of the loan in accordance with the project’s feasibility and the sponsor’s financial situation. For details including eligibility, please see the publication, State Dollars for Your Airport (PDF), Chapter 2; and the California Code of Regulations, Title 21, Division 2.5, Chapter 5, California Airport Loan Program.

Eligibility Requirements

Eligible Applicants:

  • Public Agency

An eligible public agency and must:

Ensure that the airport is open to the public

Have a valid State permit

Adopt rules that give it control over the operation of the airport

Have height restrictions around the airport to ensure that operations can be conducted without  hazardous obstructions

Certify eligibility with a Form DOA-0007 

Have local government approval

Eligible Geographies:

California

Important Dates

Period of performance The length of time during which the grant money must be utilized.
FY 2021-2022

Funding Details

Total estimated available funding The total projected dollar amount of the grant.
$800,000
Expected number of awards A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Estimated amount per award Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
No
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
Funding Source: The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State

Funding Source Notes:

Local Airport Loan Account

Funding Method: The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Advances & Reimbursement(s)

Funding Method Notes:

A pay-back schedule is included in each Loan Agreement. Generally, the term of a loan is 17 years unless a shorter term is requested by the sponsor. Loans may be repaid early without penalty. Simple interest is charged on the outstanding balance of the loan’s principal. The interest rate is based upon the State bond sale that occurs before the Department prepares the Loan Agreement.

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
Shannon Montano, 1-916-654-4718, Shannon.Montano@dot.ca.gov