§ 413. Oklahoma Air Service Development Grant Program
Oklahoma Statutes AnnotatedTitle 3. Aircraft and AirportsEffective: November 1, 2022 to October 31, 2023
Effective: November 1, 2022 to October 31, 2023
3 Okl.St.Ann. § 413
§ 413. Oklahoma Air Service Development Grant Program
A. There is hereby created within the Oklahoma Aeronautics Commission, the Oklahoma Air Service Development Grant Program. The Oklahoma Air Service Development Grant Program (OASDGP) is designed to offer financial assistance by grant to private or public entities for the purpose of assisting commercial air service development. Grant funding is administered based on merit and the potential for a specific project to enhance the state's economy. Grants are one-time awards.
B. Grant funding can be used for commercial air service development projects and include minimum revenue guarantees for specific new routes, marketing and advertising of service, market study and research projects to develop data for a business case for new service, start-up cost offsets to reduce the cost of an airline beginning service, and other innovative risk sharing models to support the introduction of new airline service in the state. Grants must be used to recruit service in an airport-pair that has no current, daily scheduled airline service. Grants may not be used to support current routes or to recruit a second carrier to an airport-pair.
E. Projects with airline support will be considered first for funding under this program. Airline support can be evidenced by a letter, dated, signed, and on airline letterhead, or other communication directly from an airline stating its support for the funding and its interest in the proposed route. An airline letter of support is not required for funding to be allocated to a project but will be used in prioritizing fund awards.
F. To be considered for state funding under this program, applicants must demonstrate the ability to provide a minimum twenty percent (20%) of all funding for the project through local sources. Local funding should be dedicated to the project and evidenced by letters of commitment before an application is submitted. Any private enterprise or nonairport, nonmunicipal, nonprofit entity must have a letter of credit to qualify for a grant without a public partner.
H. Applications will first be vetted for completeness. Any application which does not include the information listed in subsection G will be eliminated from consideration. Any application that does not include local funding for at least twenty percent (20%) of the project cost will be eliminated from consideration. Any applicant that cannot demonstrate he or she is working with an airport sponsor on the project will be eliminated from consideration.
The Oklahoma Department of Commerce shall be part of this review process. The state may request additional information from the applicant and may require a written response from the applicant for any outstanding questions. The state reserves the right to require formal presentations from each applicant to explain the proposed project.
Credits
Laws 2022, c. 203, § 3, eff. Nov. 1, 2022.
3 Okl. St. Ann. § 413, OK ST T. 3 § 413
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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