Letter to the Speaker of the House of Representatives Transmitting a Subsidy Budget Authority Request for US Airways, Inc.
Dear Mr. Speaker:
In accordance with provisions of Public Law 107-42, the Air Transportation Safety and System Stabilization Act, I hereby submit a request pursuant to section 101(b) of that Act, for support of a $1 billion Federal credit instrument for US Airways, Inc.
I hereby designate this subsidy budget authority, currently estimated at $137.6 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.
GEORGE W. BUSH
NOTE: This letter was released by the Office of the Press Secretary on March 31.
George W. Bush, Letter to the Speaker of the House of Representatives Transmitting a Subsidy Budget Authority Request for US Airways, Inc. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/213353