How the CARES Act Affects Montana Airports

The CARES Act signed on March 27, 2020, provided the FAA with $10 billion in funding to issue grants to airports for prevention, preparation, and response to the impacts of COVID-19. Montana will split $73,821,822 between 71 federal-aid airports with distributions ranging from $1,000 to nearly $17.9 million. The funding will support continuing operations and replace lost revenue resulting from the sharp decline in passenger traffic and other airport business due to the COVID-19 public health emergency. The funds are available for airport capital expenditures, airport operating expenses (including payroll and utilities), and airport debt payments. In addition, the CARES Act will provide funding that eliminates the need for local match of federal fiscal year 2020 (FFY20) airport projects. This provision of the CARES Act effectively funds 100% of FFY20 federal-aid airport improvement projects.

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