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 Home > News & Policies > November 2002

For Immediate Release
Office of the Press Secretary
November 20, 2002

Text of a Letter from the President

November 18, 2002

Dear Mr. Speaker:

In accordance with provisions of Public Law 107-42, the Air Transportation Safety and System Stabilization Act, 2001, I hereby request the subsidy budget authority necessary to support a $168 million Federal credit instrument for American Trans Air, Inc.

I hereby designate this subsidy budget authority, currently estimated at $16.2 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.



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