Public Notice, March 29, 2024

Notice is hereby given that the METROPOLITAN WASHINGTON AIRPORTS AUTHORITY ("Airports Authority") will conduct a public hearing on April 8, 2024, starting at 11:00 a.m. The subject of the hearing will be the issuance by the Airports Authority of tax-exempt revenue bonds, refunding bonds, notes, and commercial paper and other Airports Authority obligations (collectively, "Obligations"), pursuant to an Airports Authority plan of financing of "airport facilities" (as that term is defined in 26 U.S.C. §142(a)(1)), which are owned and operated or to be owned and operated by the Airports Authority at Ronald Reagan Washington National Airport ("Reagan National"), 2401 Smith Boulevard, Arlington, VA 22202, and Washington Dulles International Airport ("Dulles International"), 1 Saarinen Circle, Dulles, Virginia 20166. This public hearing is being held pursuant to 26 U.S.C. §147(f) and the Treasury Regulations promulgated thereunder.

PLAN OF FINANCING FOR AIRPORT FACILITIES

The Airports Authority plan of financing provides for the issuance of Obligations in the aggregate principal amount not to exceed $11,354,000,000, consisting of (i) Obligations in the aggregate principal amount not to exceed $3,026,000,000 for airport facilities located at Reagan National and (ii) Obligations in the aggregate principal amount not to exceed $8,328,000,000 for airport facilities located at Dulles International (collectively, "Maximum Obligation Amounts").

The Airports Authority presently anticipates funding the airport facilities at Reagan National and Dulles International through a combination of Airports Authority funds, Obligation proceeds, federal grants, passenger facility charges, and the investment earnings on the proceeds of all such financing vehicles.

As part of its plan of financing, the Airports Authority expects to issue, at different times, revenue Obligations or refunding Obligations in several series of different amounts (the aggregate principal amount thereof not to exceed the Maximum Obligation Amounts), with the timing, amounts and number of Obligation issues depending upon the needs for funds and market conditions. As required by law, these Obligations will not pledge the credit of the Commonwealth of Virginia or any political subdivision thereof, or of the District of Columbia, but will be payable solely from revenues of the Airports Authority derived from its operation of Reagan National and Dulles International.

PUBLIC HEARING AND OPPORTUNITY TO COMMENT

All interested persons are invited to participate in this public hearing and present verbal or written comments regarding the Airports Authority plan of financing, the anticipated issuance of the Obligations and the airport facilities to be financed by the Obligations. The public hearing will consist of an informal public information session that will begin at 11:00 a.m. and a public comment session that will begin at 11:05 a.m.

To participate or provide comments, the public may join the public hearing via telephone at phone number: (877) 336-1831 (Toll Free); Access Code: 6997488 or via Zoom app the following link: https://mwaa.zoom.us/j/85441793011.

Written comments regarding the plan of financing, the anticipated issuance of Obligations, and the airport facilities to be financed by the Bonds may also be submitted to the Airports Authority, on or before 5:00 p.m. on April 7, 2024, by email sent to [email protected].

A description of the airport facilities to be financed under the Airports Authority plan of financing may be obtained in advance from the Airports Authority by email sent to [email protected].

Issued by the Metropolitan Washington Airports Authority
March 29, 2024