Open AccessFederal Aviation Administration retained savings program proposal
Author(s) -
Donna J. Hostick,
Lynn L. Larson,
C.J. Hostick
Publication year - 1998
Language(s) - English
Resource type - Reports
DOI - 10.2172/658303
Subject(s) - administration (probate law) , finance , business , aviation , consolidation (business) , legislation , federal budget , national laboratory , engineering , political science , aerospace engineering , law , engineering physics , fiscal year
Federal legislation allows federal agencies to retain up to 50% of the savings associated with implementing energy efficiency and water conservation measures and practices. Given budget pressures to reduce expenditures, the use of retained savings to fund additional projects represents a source of funds outside of the traditional budget cycle. The Southwest Region Federal Aviation Administration (FAA) has tasked Pacific Northwest National Laboratory (PNNL) to develop a model retained savings program for Southwest Region FAA use and as a prototype for consideration by the FAA. PNNL recommends the following steps be taken in developing a Southwest Region FAA retained savings program: Establish a retained savings mechanism. Determine the level at which the retained savings should be consolidated into a fund. The preliminary recommendation is to establish a revolving efficiency loan fund at the regional level. Such a mechanism allows some consolidation of savings to fund larger projects, while maintaining a sense of facility ownership in that the funds will remain within the region