Letter to the Speaker of the House of representatives transmitting a subsidy budget request for Frontier Airlines

Weekly Compilation of Presidential Documents, Feb 17, 2003

February 12, 2003

Dear Mr. Speaker:

In accordance with provisions of Public Law 107-42, the Air Transportation Safety and System Stabilization Act, 2001, I hereby request the subsidy budget authority necessary to support a $70 million Federal credit instrument for Frontier Airlines.

I hereby designate this subsidy budget authority, currently estimated at $12.7 million, as an emergency requirement pursuant to section 252(e) of the Balanced Budget and Emergency Deficit Control Act of 1985.

The details of this request are set forth in the enclosed letter from the Director of the Office of Management and Budget.

Sincerely,

George W. Bush