California Department of Transportation

Physical Address:
Department of Transportation
Division of Aeronautics
1120 N Street, Room 3300
Sacramento, CA 95814

Mailing Address:
Department of Transportation
Division of Aeronautics,
MS 40 P. O. Box 942874
Sacramento, CA 94274-0001

Shipping Address:
1415 11th Street
Sacramento, CA 95814

General Information:
916.654.4959
Fax - 916.653.9531

 

logo
 

Grants & Loans - Local Airport Loan Program

Funding Cycle -
Loans may be requested from the Department at any time using the appropriate form (DOA-0019 for matching loans, DOA-0020 for revenue-generating projects, and DOA-0013 for airport development). Loan applications are reviewed by the Department. Then, the applications are presented at periodic public hearings that the Department conducts. A matching loan may be requested when the sponsor transmits its grant application to the FAA, but the loan will not be paid by the State until the AIP grant has been accepted by the sponsor.

Pay-back Requirements
A pay-back schedule is included in each Loan Agreement. Generally, the term of a loan will vary between 8 and 17 years depending upon the amount of the loan. Larger loans have a longer pay-back period. Loans may be repaid early without penalty. Simple interest is charged on the outstanding balance of the loan’s principal. The interest rate is based upon the State bond sale that occurs before the Department prepares the Loan Agreement.

For more information, contact:

Bambi Jake, Aviation Funding Specialist.
(916) 654-4718
bambi.jake@dot.ca.gov

Last Updated: April 7, 2014