[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5270 Enrolled Bill (ENR)]

        H.R.5270

                       One Hundred Tenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Thursday,
            the third day of January, two thousand and eight


                                 An Act


 
  To amend the Internal Revenue Code of 1986 to extend the funding and 
  expenditure authority of the Airport and Airway Trust Fund, and for 
                             other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Airport and Airway Extension Act of 
2008''.
SEC. 2. EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.
    (a) Fuel Taxes.--Subparagraph (B) of section 4081(d)(2) of the 
Internal Revenue Code of 1986 is amended by striking ``February 29, 
2008'' and inserting ``June 30, 2008''.
    (b) Ticket Taxes.--
        (1) Persons.--Clause (ii) of section 4261(j)(1)(A) of such Code 
    is amended by striking ``February 29, 2008'' and inserting ``June 
    30, 2008''.
        (2) Property.--Clause (ii) of section 4271(d)(1)(A) of such 
    Code is amended by striking ``February 29, 2008'' and inserting 
    ``June 30, 2008''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on March 1, 2008.
SEC. 3. EXTENSION OF AIRPORT AND AIRWAY TRUST FUND EXPENDITURE 
AUTHORITY.
    (a) In General.--Paragraph (1) of section 9502(d) of the Internal 
Revenue Code of 1986 is amended--
        (1) by striking ``March 1, 2008'' and inserting ``July 1, 
    2008'', and
        (2) by inserting ``or the Airport and Airway Extension Act of 
    2008'' before the semicolon at the end of subparagraph (A).
    (b) Conforming Amendment.--Paragraph (2) of section 9502(f) of such 
Code is amended by striking ``March 1, 2008'' and inserting ``July 1, 
2008''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on March 1, 2008.
SEC. 4. EXTENSION OF AIRPORT IMPROVEMENT PROGRAM AND OTHER AUTHORITIES.
    (a) Authorization of Appropriations.--
        (1) In general.--Section 48103 of title 49, United States Code, 
    is amended--
            (A) by striking ``and'' at the end of paragraph (3);
            (B) by striking the period at the end of paragraph (4) and 
        inserting ``; and''; and
            (C) by inserting after paragraph (4) the following:
        ``(5) $2,756,250,000 for the 9-month period beginning October 
    1, 2007.''.
        (2) Obligation of amounts.--Sums made available pursuant to the 
    amendment made by paragraph (1) may be obligated at any time 
    through September 30, 2008, and shall remain available until 
    expended.
        (3) Program implementation.--For purposes of calculating 
    funding apportionments and meeting other requirements under 
    sections 47114, 47115, 47116, and 47117 of title 49, United States 
    Code, for the 9-month period beginning October 1, 2007, the 
    Administrator of the Federal Aviation Administration shall--
            (A) first calculate such funding apportionments on an 
        annualized basis as if the total amount available under section 
        48103 of such title for fiscal year 2008 were $3,675,000,000; 
        and
            (B) then reduce by 25 percent--
                (i) all funding apportionments calculated under 
            subparagraph (A); and
                (ii) amounts available pursuant to sections 47117(b) 
            and 47117(f)(2) of such title.
    (b) Project Grant Authority.--Section 47104(c) of such title is 
amended by striking ``September 30, 2007,'' and inserting ``June 30, 
2008,''.
    (c) Government Share of Certain AIP Costs.--Section 161 of the 
Vision 100--Century of Aviation Reauthorization Act (49 U.S.C. 47109 
note) is amended by striking ``in each of fiscal years 2004 through 
2007'' and inserting ``in fiscal year 2008 before July 1, 2008,''.
    (d) Adjustment Authority.--
        (1) In general.--Section 409(d) of such Act (49 U.S.C. 40101 
    note) is amended by striking ``2007.'' and inserting ``2008.''.
        (2) Effective date.--The amendment made by paragraph (1) shall 
    take effect on September 29, 2007, and shall apply with respect to 
    any final order issued under section 409(c) of such Act that was in 
    effect on such date.
    (e) Airport Eligibility.--The first sentence of section 186(d) of 
such Act (117 Stat. 2518) is amended by inserting ``and for the portion 
of fiscal year 2008 ending before July 1, 2008,'' after ``2007,''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.