Sec. 1005. Funding for aviation programs
137 words·~1 min read·
/bill/114/hr/636/eas/section-1005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 48114(a)(1)(A) is amended to read as follows: The total budget resources made available from the Airport and Airway Trust Fund each fiscal year under sections 48101, 48102, 48103, and 106(k)— shall in each of fiscal years 2016 through 2017, be equal to the sum of— 90 percent of the estimated level of receipts plus interest credited to the Airport and Airway Trust Fund for that fiscal year; and the actual level of receipts plus interest credited to the Airport and Airway Trust Fund for the second preceding fiscal year minus the total amount made available for obligation from the Airport and Airway Trust Fund for the second preceding fiscal year; and may be used only for the aviation investment programs listed in subsection (b)(1). .
Section 48114(c)(2) is amended by striking 2016 and inserting 2017 .