[Congressional Record Volume 153, Number 195 (Wednesday, December 19, 2007)]
[Senate]
[Pages S16016-S16017]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. REID (for himself and Mr. Baucus):
  S. 2530. A bill entitled the ``Federal Aviation Administration 
Extension Act of 2007''; to the Committee on Commerce, Science, and 
Transportation.
  Mr. REID. Mr. President, I ask unanimous consent that the text of the 
bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 2530

       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 ``Federal Aviation 
     Administration Extension Act of 2007''.

     SEC. 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

[[Page S16017]]

     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.''.
                                 ______