Sec. 1005. Funding for aviation programs
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/bill/115/s/1405/rs/section-1005·A 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 2018 through 2021, 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 less the amount calculated under subclause (I)(bb) for the fourth preceding year; and may be used only for the aviation investment programs listed in subsection (b)(1). .
Section 48114(c)(2) is amended by striking 2017 and inserting 2021 .