For Immediate Release
Office of the Press Secretary
May 15, 2002
Text of a Letter from the President to the Speaker of the House of Representatives
Dear Mr. Speaker:
In accordance with provisions of Public Law 107-42, the Air Transportation Safety and System Stabilization Act, I hereby request the subsidy budget authority necessary to support a $429 million Federal credit instrument for America West Airlines. I hereby designate this subsidy budget authority, currently estimated at $172 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. I concur with his comments and observations.
GEORGE W. BUSH
# # #