Title 49 › SUBTITLE VII — AVIATION PROGRAMS › PART C — FINANCING › CHAPTER 481 — AIRPORT AND AIRWAY TRUST FUND AUTHORIZATIONS › § 48114
Each fiscal year the Airport and Airway Trust Fund must provide a set amount for four aviation programs: grants-in-aid for airports, facilities and equipment, research and development, and the trust fund’s share of operations. For fiscal year 2013 that amount is 90 percent of the estimated receipts plus interest. For fiscal years 2014 through 2018 it is 90 percent of the estimated receipts plus interest, plus the actual receipts and interest from two years earlier minus what was made available two years earlier. Those amounts can only be used for those aviation programs, and no money for those programs may be approved unless that required amount is provided. If that amount is provided, additional money from the general fund may be approved as needed for the Federal Aviation Administration Operations account through fiscal year 2018. Congress may not consider bills that would cut these total fund amounts below the required levels. Also, through fiscal year 2018, Congress may not approve R&D or Operations funding if the combined funding for Grants-in-Aid and Facilities & Equipment is below their authorized levels. Definitions: “Total budget resources” = total AATF money for the four accounts. “Estimated level of receipts plus interest” = the President’s budget projection of excise taxes and interest for the year.
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Reference
Citation
49 U.S.C. § 48114
Title 49, Transportation
Last Updated
Sep 22, 2026
Release point: 119-110