US Treasury Notification

US Treasury Notification

The United States Treasury has made notification to the Arizona House of Representatives on what the COVID-19 Economic Stabilization Plan is likely to include.

 STAGE THREE PROPOSAL 

Key Terms 

I. APPROPRIATION TO THE EXCHANGE STABILIZATION FUND FOR SPECIFIED USES 

A. Airline Industry Secured Lending Facility ($50 billion) 

• This provision would appropriate an additional $50 billion to the ESF and authorize use of those funds for secured lending to U.S. passenger and cargo air carriers 

• Treasury Department to determine appropriate interest rate and other terms and conditions 

• Secured …

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