Sec. 155. GENERAL AVIATION AIRPORT EXPIRED FUNDS

277 words·~1 min read·/statute-compilations/comps-15561/sec-155

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 155 GENERAL AVIATION AIRPORT EXPIRED FUNDS Section 47117(b) of title 49, United States Code, is amended— ####

(1)by striking “An amount” and inserting “(1) In general.—An amount”; ####

(2)by striking “If the amount” and inserting “Except as provided in paragraph (2), if the amount”; and ####

(3)by adding at the end the following: > > #### “(2) Expired amounts apportioned for general aviation airports > > > ##### “(A) In general > > Except as provided in subparagraph (B), if an amount apportioned under section 47114(d) is not obligated within the time specified in paragraph (1), that amount shall be added to the discretionary fund under section 47115 of this title, provided that— > > > ###### “(i) > > amounts made available under paragraph (2)(A) shall be used for grants for projects in accordance with section 47115(d)(2) at airports eligible to receive an apportionment under section 47114(d)(2) or (3)(A), whichever is applicable; and > > > ###### “(ii) > > amounts made available under paragraph (2)(A) that are not obligated by July 1 of the fiscal year in which the funds will expire shall be made available for all projects in accordance with section 47115(d)(2). > > > ##### “(B) State block grant program > > If an amount apportioned to an airport under section 47114(d)(3)(A) is not obligated within the time specified in paragraph (1), and the airport is located in a State participating in the State block grant program under section 47128, the amount shall be made available to that State under the same conditions as if the State had been apportioned the amount under section 47114(d)(3)(B).” > .