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Assignment 3 Week 5

Assignment 3 Week 5

Q Based on the assigned readings and our interactions throughout week 5 you should be able to write with firm grasp of the financial and budgetary concepts of funding and operating at an airport. Your assignment is to write a research paper regarding the funding of airports. A complex relationship has developed between the private sector and the federal government with the increase in privatization of large airports over the last 70 plus years and the requirement for federal funding. Please write a paper that focuses on the government funding (federal and local) of airports and ensure that you touch on the vital Airport Improvement Program (AIP) and its uses. Please ensure you venture beyond the textbook for this assignment. Based on material covered in the class, the student should identify the problem/situation, provide a resolution/approach, give a rationale to your approach and expected outcome/conclusion. This paper will be presented in APA format and the writing requirement described in the Policies section of this syllabus. The paper is graded on contents, grammar, and format. Minimum word should be 1000 words with a minimum of 3-5 outside references.

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Federal Government Funding at Airport The Federal government has been investing in the airport in various ways. The Federal Government has created an Aviation trust fund which is known as Federal Aviation Administration or FAA such as construction and safety improvements at Airport technological upgrades to the air traffic control system (Administration, n.d.). They have introduced a trust fund legislation that will simply focus on dedicating a certain amount of money to the U.S aviation system which is independent of the general fund (Administration, n.d.). The authority dealing with the aviation taxes and spending from the Aviation Trust Fund is checked regularly (Administration, n.d.). The Federal Government offers funds mainly to 4 types of accounts. First is the Operations. In this, the Administration is funded. The maintenance and the repairing cost is also included in this funding (Administration, n.d.). The major improvements are done with the help of this funding. The second is Facilities and Equipment. Every year new and innovative equipment is available for airport operations (Administration, n.d.).