Sec. 104. FUNDING FOR AVIATION PROGRAMS
308 words·~1 min read·
/statute-compilations/comps-9829/sec-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 104 FUNDING FOR AVIATION PROGRAMS ###
(a)Airport and Airway Trust Fund Guarantee Section 48114(a)(1)(A) is amended to read as follows: > > ##### “(A) In general > > The total budget resources made available from the Airport and Airway Trust Fund each fiscal year pursuant to sections 48101, 48102, 48103, and 106(k) shall— > > > ###### “(i) > > in fiscal year 2013, be equal to 90 percent of the estimated level of receipts plus interest credited to the Airport and Airway Trust Fund for that fiscal year; and > > > ###### “(ii) > > in fiscal year 2014 and each fiscal year thereafter, be equal to the sum of— > > > ###### “(I) > > 90 percent of the estimated level of receipts plus interest credited to the Airport and Airway Trust Fund for that fiscal year; and > > > ###### “(II) > > 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. > > Such amounts may be used only for the aviation investment programs listed in subsection (b)(1).” > . ###
(b)Technical Correction Section 48114(a)(1)(B) is amended by striking “subsection (b)” and inserting “subsection (b)(1)”. ###
(c)Additional Authorizations of Appropriations From the General Fund Section 48114(a)(2) is amended by striking “2007” and inserting “2015”. ###
(d)Estimated Level of Receipts Plus Interest Defined Section 48114(b)(2) is amended— ####
(1)in the paragraph heading by striking “Level” and inserting “Estimated level”; and ####
(2)by striking “level of receipts plus interest” and inserting “estimated level of receipts plus interest”. ###
(e)Enforcement of Guarantees Section 48114(c)(2) is amended by striking “2007” and inserting “2015”.