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Understanding the Airport Capital Plan [Aeronautics and Space]: Definition and Importance
Definition & Meaning
An Airport Capital Plan is a structured program that outlines planned improvements and projects at an airport. This includes various activities such as planning, development, or projects aimed at noise compatibility. The plan is designed to utilize expected funding effectively and is essential for maintaining and enhancing airport facilities.
Table of content
Legal Use & context
The Airport Capital Plan is primarily used in the context of federal aviation regulations and airport management. It is relevant to legal practices involving aviation law, public infrastructure, and funding mechanisms for airport projects. Users can manage aspects of these plans through legal forms and templates, which can help streamline the process of applying for funding or implementing projects.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
For instance, an airport may develop a capital plan to expand its terminal facilities and improve runway safety. This plan would detail the necessary funding sources, project timelines, and expected outcomes. (hypothetical example)
Relevant laws & statutes
The primary regulation governing Airport Capital Plans is found in Title 14 of the Code of Federal Regulations (CFR), particularly 14 CFR 158, which deals with Passenger Facility Charges (PFCs) and outlines the requirements for such plans.
Comparison with related terms
Term
Definition
Differences
Airport Master Plan
A comprehensive long-term plan for airport development.
Focuses on overall airport layout and future needs, while the Airport Capital Plan is more project-specific.
Passenger Facility Charge (PFC)
A fee collected from passengers to fund airport improvements.
PFCs are a funding source that may be included in an Airport Capital Plan.
Common misunderstandings
What to do if this term applies to you
If you're involved in airport management or planning, consider developing or reviewing your Airport Capital Plan to ensure it aligns with regulatory requirements. You can use legal templates from US Legal Forms to assist in drafting necessary documents. If your situation is complex, consulting with a legal professional may be beneficial.
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