Local Airport Loan Program
Description
Types of projects funded by these loans include hangars, General Aviation (GA) terminals, utilities, GA fueling facilities, Caltrans Acquisition and Development eligible projects, or local share for a federal Airport Improvement Program grant. The maximum term of a loan is 17 years. The Department approves the amount of the loan in accordance with the project’s feasibility and the sponsor’s financial situation. For details including eligibility, please see the publication, State Dollars for Your Airport (PDF), Chapter 2; and the California Code of Regulations, Title 21, Division 2.5, Chapter 5, California Airport Loan Program.
Eligibility
Public Agency An eligible public agency and must: Ensure that the airport is open to the public Have a valid State permit Adopt rules that give it control over the operation of the airport Have height restrictions around the airport to ensure that operations can be conducted without hazardous obstructions Certify eligibility with a Form DOA-0007 Have local government approval California