II 110th CONGRESS 1st Session S. 2530 IN THE SENATE OF THE UNITED STATES December 19, 2007 Mr. Reid (for himself and Mr. Baucus) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL Entitled the Federal Aviation Administration Extension Act of 2007.

1.

Short title

This Act may be cited as the Federal Aviation Administration Extension Act of 2007.

2.

Extension of airport improvement program and other expiring authority

(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)$1,837,500,000 for the 6-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 6-month period beginning October 1, 2007, the Administrator of the Federal Aviation Administration shall— (A)first calculate 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 50 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 March 31, 2008,. (c)

Government share of certain AIP costs

Section 161 of Public Law 108–176 (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 April 1, 2008. (d)

Adjustment authority

Section 409(d) of Public Law 108–176 (49 U.S.C. 40101 note) is amended by striking 2007. and inserting 2008..