How will the three phases of the Master Plan be funded and will Oceanside General Fund money be used?
All construction will be funded through low interest loans from the California Division of Aeronautics’ “Aviation Trust Fund.” The State Aviation Fuel Tax paid by pilots when fueling their airplanes generates the Trust Fund money. These loans will be repaid with proceeds from hangar and tie-down rentals. Federal Grant money comes from the Federal Aviation Administration’s (FAA’s) Aviation Trust Fund, generated by a Federal Aviation Fuel Tax, also paid by pilots when buying aviation fuel. Federal Grant money is essentially FREE MONEY and need not be repaid provided the airport remains open and viable. NO OCEANSIDE GENERAL FUND TAXPAYER MONEY is required to implement the Airport Master Plan.
