Q-09. What is the period of availability for FAA to obligate AIG funds?
Approximately $2.91 billion (approximately $2.89 billion of AIG Allocated funds and $20 million FCT Competitive funds) is available annually starting fiscal year (FY) 2022 through FY 2026. AIG funds that remain unobligated at the end fourth FY of their availability will be recovered and made available for competitive AFR grants in the fifth year. See Q-F3.
| FY funds are first made available: | Funds must be obligated (under grant) by*: | Any unobligated funds must be obligated (under grant) as competitive grants in: |
|---|---|---|
| 2022 | September 30, 2025 | FY 2026 |
| 2023 | September 30, 2026 | FY 2027 |
| 2024 | September 30, 2027 | FY 2028 |
| 2025 | September 30, 2028 | FY 2029 |
| 2026 | September 30, 2029 | FY 2030 |
*In order to meet the September 30th obligation deadline, the FAA has established the following annual deadlines:
- May 1 – Deadline to notify FAA of your intent to use AIG funds in their fourth year of availability (e.g. FY2023, May 1, 2026 notification).
- June 30 – Sponsors must submit an application, based on bids, to the FAA for AIG projects that would use AIG funds in their fourth year of availability.
- After June 30 – During the last quarter of the FY, FAA will complete all obligations of AIG funds in their fourth year of availability and start the process of moving these unused AIG funds into the competitive programs (FCT and AFR) per the law. This includes issuing Notices of Intent to Fund for these discretionary programs.