Title 49 › Subtitle SUBTITLE VII— - AVIATION PROGRAMS › Part PART C— - FINANCING › Chapter CHAPTER 481— - AIRPORT AND AIRWAY TRUST FUND AUTHORIZATIONS › § 48114
Sets how much money from the Airport and Airway Trust Fund can be used each year for certain aviation programs. For fiscal year 2013, the amount must equal 90 percent of the estimated receipts plus interest credited to the Fund for that year. For fiscal years 2014 through 2018, the amount must equal 90 percent of the estimated receipts plus interest for that year, plus the actual receipts plus interest from the second preceding fiscal year minus what was made available for obligation in that second preceding year. No money can be approved for the aviation investment programs unless that calculated amount is provided. If that amount is provided in any year through 2018, additional money may be taken from the general fund of the Treasury as needed for the FAA Operations account. Definitions: “total budget resources” = the total amount from the Airport and Airway Trust Fund available for obligation limits and budget authority for four accounts (Grants in Aid for Airports; Facilities and Equipment; Research and Development; Trust Fund Share of Operations). “Estimated level of receipts plus interest” = the annual excise taxes and interest credited to the Fund as shown in the President’s budget baseline projection. The House and Senate may not consider any bill or amendment that would reduce the total budget resources for those aviation programs below the required amount, and they may not consider bills that fund Research and Development or Operations through 2018 if the combined funding for Grants-in-Aid and Facilities and Equipment is below their authorized levels.
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Legislative History
Reference
Citation
49 U.S.C. § 48114
Title 49 — Transportation
Last Updated
Apr 6, 2026
Release point: 119-73