Sec. 101. EXTENSION OF AIRPORT IMPROVEMENT PROGRAM
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## SEC. 101 EXTENSION OF AIRPORT IMPROVEMENT PROGRAM ###
(a)Authorization of Appropriations ####
(1)In general Section 48103(a) of title 49, United States Code, is amended by striking the period at the end and inserting “and $1,670,410,959 for the period beginning on October 1, 2017, and ending on March 31, 2018.”. ####
(2)Obligation of amounts Subject to limitations specified in advance in appropriations Acts, sums made available pursuant to the amendment made by paragraph
(1)may be obligated at any time through September 30, 2018, and shall remain available until expended. ####
(3)Program implementation 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, 2017, and ending on March 31, 2018, the Administrator of the Federal Aviation Administration shall— #####
(A)first calculate such funding apportionments on an annualized basis as if the total amount available under section 48103 of such title for fiscal year 2018 were $3,350,000,000; and #####
(B)then reduce by 50 percent— ######
(i)all funding apportionments calculated under subparagraph (A); and ######
(ii)amounts available pursuant to sections 47117(b) and 47117(f)(2) of such title. ###
(b)Project Grant Authority Section 47104(c) of title 49, United States Code, is amended in the matter preceding paragraph
(1)by striking “September 30, 2017,” and inserting “March 31, 2018,”.