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Airport Loan and Grant Program

Grants and Loans to Montana Airports and Aviation
Facilities for Improvements and Construction Projects

GrantWatch ID#: 135102
Agency Type:

State

Montana Department of Transportation (MDT) - Aeronautics Division

11/15/17

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Grants and loans to Montana airports and aviation facilities for facility construction and improvement projects. Eligible projects include pavement rehabilitation, maintenance, or construction, lighting, terminal or pilot lounge construction, communications and/or other infrastructure, fuel systems, and many other items.

Grants
Aeronautics Division grants are intended to provide funding for up to ½ of the airport’s share of federally funded (NPIAS) airport project costs, or, up to 100% of the total airport’s costs for non-federally funded projects. Aeronautics Division grants are primarily funded by a 2¢/gal tax on general aviation fuel. Although tax collections vary from year to year, the amount that Aeronautics has to disperse each year for grants is usually about $350,000.

Loans (low-Interest)
Aeronautics Division loans can be used to fund up to 100% of the airport’s share of any airport project. Aeronautics Division loans are low-interest, with the rate set at ½ of the national prime lending rate as reported by the Montana board of investments as of the first Monday in January of the calendar year. Division loans are set-up to be repaid over a ten year period. Early interest free payoff for the remaining portion of any loan is permitted. The amount that Aeronautics has to disperse each year for loans is usually about $350,000.

Loan and grant applications can be submitted retroactively as well, meaning if a project has already been started or completed, the airport can still apply for monies after the fact.

Aeronautics Division grants are intended to provide funding for up to ½ of the airport’s share of federally funded (NPIAS) airport project costs, or, up to 100% of the total airport’s costs for non-federally funded projects.

Any airport or facility that is publicly owned and is public-use is eligible to apply for loans and grants.

The application website will be available beginning July 1 and will go off line November 15.

At the airport sponsor’s discretion, the airport sponsor may provide the airport access code to a representative that may submit an application on behalf of the airport sponsor.

The funds are only distributed to the airport between July 1st and June 30th of the state fiscal year for which they were awarded.

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Online application portal: https://app.mt.gov/loangrant/Home/AccessCode

Phone: 406-444-2506
Email: mdtaeroloangrant@mt.gov

Montana Aeronautics Division
P.O. Box 200507
Helena, MT. 59620-0507

See the full text of this grant

USA: Montana

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