Read theMandate
Menu

Provide for reconciliation pursuant to title II of H. Con. Res. 14 › Section 40007

Payments for Lease of Metropolitan Washington Airports

Section 40007 · Sec. 40007 ·

What this chapter is about

This part rewrites what the Washington airports authority pays for its lease. Through 2026 the figure is $3 million in 1987 dollars. From 2027 it is $15 million in 2027 dollars. The two sides must revisit the figure at least every ten years.

2 proposals indexed from this chapter.

The annual lease payment rises to $15,000,000 in 2027 dollars from 2027

The document says “must”Who acts: Metropolitan Washington Airports AuthorityHow: statuteSec. 40007 in the PDF
What the document says

“under the lease, the Airports Authority must pay to the general fund of the Treasury annually an amount, computed using the GNP Price Deflator--”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 40007

The section rewrites section 49104(b) of title 49, United States Code so that the Airports Authority pays the general fund of the Treasury each year, computed using the GNP Price Deflator, an amount equal to $3,000,000 in 1987 dollars for the period from 1987 to 2026 and $15,000,000 in 2027 dollars for 2027 and later years.

What the document actually says

“under the lease, the Airports Authority must pay to the general fund of the Treasury annually an amount, computed using the GNP Price Deflator--”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 40007
That sentence, in plain words

The airports authority must pay the Treasury each year. The sum is worked out with a price measure.

What this is about

Through 2026 the base is $3 million in 1987 dollars. From 2027 the base is $15 million in 2027 dollars. The price measure keeps it level over time.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

The payment must be renegotiated at least every ten years

The document says “shall”Who acts: Secretary of Transportation, Metropolitan Washington Airports AuthorityHow: statuteSec. 40007 in the PDF
What the document says

“The Secretary and the Airports Authority shall renegotiate the level of lease payments at least once every 10 years to ensure that in no year the amount specified in paragraph (1)(B) is less than $15,000,000 in 2027 dollars.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 40007

The section requires the Secretary and the Airports Authority to renegotiate the level of lease payments at least once every ten years so that in no year does the figure fall below $15,000,000 in 2027 dollars.

What the document actually says

“The Secretary and the Airports Authority shall renegotiate the level of lease payments at least once every 10 years to ensure that in no year the amount specified in paragraph (1)(B) is less than $15,000,000 in 2027 dollars.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 40007
That sentence, in plain words

The two sides must revisit the payment. That must happen at least once every ten years. The figure may never drop below $15 million in 2027 dollars.

What this is about

The floor is fixed in the law. Talks may raise the figure. They may not push it below the floor.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

Share this page

What This Page Covers, and What It Leaves Out

Both things the section does: set the new payment figures, and require renegotiation with a floor.

Nothing in the section is left out. It rewrites one subsection in full and both of its paragraphs are recorded.

The section works by rewriting section 49104(b) of title 49, United States Code, which is not indexed here, so the terms of the lease itself cannot be checked against anything on this site.