Sec. 101. Airport improvement program
219 words·~1 min read·
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Section 48103(a) of title 49, United States Code, is amended by striking paragraph
(7)and inserting the following: $1,464,480,874 for the period beginning October 1, 2023, and ending on March 8, 2024. . Subject to limitations specified in advance in appropriation Acts, sums made available pursuant to the amendment made by subsection
(a)may be obligated at any time through September 30, 2024, and shall remain available until expended. For purposes of calculating funding apportionments and meeting other requirements under sections 47114, 47115, 47116, and 47117 of title 49, United States Code, for the period beginning on October 1, 2023, and ending on March 8, 2024, the Administrator of the Federal Aviation Administration shall— first calculate such funding apportionments on an annualized basis as if the total amount available under section 48103 of such title for fiscal year 2024 was $3,350,000,000; and then reduce by 56 percent— all funding apportionment amounts calculated under paragraph (1); and amounts made available pursuant to subsections
(b)and (f)(2) of section 47117 of such title. Section 47104(c) of title 49, United States Code, is amended in the matter preceding paragraph
(1)by striking December 31, 2023, and inserting March 8, 2024, . Section 47114(c)(1)(J) of title 49, United States Code, is amended by striking December 31, 2023, and inserting March 8, 2024, .