Page:United States Statutes at Large Volume 108 Part 1.djvu/726

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

108 STAT. 700 PUBLIC LAW 103-260—MAY 26, 1994 "(III) for work related to a project for which a grant agreement was previously executed during fiscal year 1994; and "(ii) its Federal share is only paid with sums apportioned under sections 507(a)(1) and 507(a)(2).". SEC. 107. TERMINAL DEVELOPMENT. Section 513(b)(2) of the Airport and Airway Improvement Act of 1982 (49 App. U.S.C. 2212(b)(2)) is amended— (1) in the second sentence— (A) by inserting after "may be used" the following: ", subject to the approval of the Secretary, (A)"; and (B) by striking the period at the end and inserting the following: ", and (B) by the sponsor of a reliever airport j for the types of project costs allowable under paragraph I (1) of this subsection, including project costs allowable for i a commercial service airport which annually has.05 percent or less of the total enplanements in the United States."; and (2) by adding at the end the following: "All or any portion of the sums to be distributed at the discretion of the Secretary under sections 507(c) and 507(d) for any fiscal year may be distributed for use by primary airports each of which annually has.05 percent or less of the total enplanements in the United States for project costs allowable under paragraph (1) of this subsection.". SEC. 108. EXPENDITURES FROM AIRPORT AND AIRWAY TRUST FUND. 26 USC 9502. Section 9502(d)(1)(A) of the Internal Revenue Code of 1986 (relating to expenditures from Airport and Airway Trust Fund) is amended by striking "(as such Acts were in effect on the date of the enactment of the Airport and Airway Safety, Capacity, Noise Improvement, and Intermodal Transportation Act of 1992)" and inserting "or the Airport Improvement Program Temporary Extension Act of 1994 (as such Acts were in effect on the date of the enactment of the Airport Improvement Program Temporary Extension Act of 1994)". SEC. 109. UPWARD ADJUSTMENTS. (a) IN GENERAL. —The second sentence of section 505(b)(1) of the Airport and Airway Improvement Act of 1982 (49 App. U.S.C. 2204(b)(1)) is further amended by— (1) inserting "(A)" before "Apportioned"; and (2) inserting before the period at the end "; and (B) funds which have been recovered by the United States from grants made under this title if such funds are obligated only for increases under sections 512(b)(2) and 512(b)(3) of this title in the maximum obligation of the United States for any other grant made under this title". ^^ us^^PP (b) RETROACTIVE EFFECTIVE DATE.—The amendment made by ZZ04 note. subsection (a) shall take effect October 1, 1993.