Agency: Department of Transportation
Description:
A competitive grant program for projects that “develop, demonstrate, or apply low-emission aviation technologies,” which are defined as technologies that significantly improve aircraft fuel efficiency, increase the utilization of sustainable aviation fuel, or reduce greenhouse gas emissions.
Bill Section:
40007(a)(2)
US Code:
49 USC 44504
New or Existing:
New
Potential Cost:
$46,530,000
Timeline:
FY22-26
Implementation Status/Rulemaking:
On May 24, 2023, the Federal Aviation Administration published a notice and request for comments on soliciting project proposals for the Inflation Reduction Act Fueling Aviation’s Sustainable Transition (FAST) Grant Program. Comments were due July 24, 2023: Source
TCS Notes:
The combined budget authority of Section 40007, including FAST-SAF, FAST-Tech, and administrative and oversight expenses, is $297 million. CBO estimates outlays for FY22-31 to be $294 million.