Summary: H.R.3779 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.3779. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/20/1989)

Airport Capacity Expansion Financing Act of 1989 - Title I: Airport Capacity Expansion - Amends the Airport and Airway Improvement Act of 1982 to authorize the Secretary of Transportation to guarantee loans, bonds, and other securities issued by public agencies to finance airport expansion projects. Authorizes the Secretary to charge such agencies a fee for the analysis of security arrangements proposed by them.

Directs the Secretary to establish an advisory committee with respect to the implementation of this Act. Limits the amount of loans, bonds, or securities that may be guaranteed to no more than $6,000,000,000.

Title II: Guaranteed Securities Exempt From Restriction on Tax Exemption for Federally Guaranteed Bonds - Amends the Internal Revenue Code to exclude bonds guaranteed under this Act from the restriction on tax exemption for federally guaranteed bonds (thus making the interest on such bonds tax-exempt).