Sec. 458. Reduction in subsidy-per-passenger

134 words·~1 min read·/bill/115/hr/302/eah/section-458

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Section 426 of the FAA Modernization and Reform Act of 2012 (126 Stat. 98) is amended by adding at the end the following: The Secretary shall waive application of the subsidy-per-passenger cap described under subsection

(c)if the Secretary finds that the community’s subsidy-per-passenger for a fiscal year is lower than the subsidy-per-passenger for any of the 3 previous fiscal years. The Secretary shall waive application of the subsidy-per-passenger cap if the subsidy-per-passenger for a fiscal year is less than 10 percent higher than the highest subsidy-per-passenger from any of the 3 previous fiscal years. The Secretary may only waive application of the subsidy-per-passenger cap under this paragraph once per community. Nothing in this subsection shall be construed to limit the Secretary’s ability under subsection

(c)to waive application of the subsidy-per-passenger cap. .

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126 Stat. 98

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Sec. 458

Reduction in subsidy-per-passenger

Stat.126 Stat. 98

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