Summary
Keeps airport improvement programs and the Airport and Airway Trust Fund running by extending their funding and legal powers until mid-May 2024.
What does this law do?
Extends airport improvement program
Changes the end date for the airport improvement program from May 10, 2024, to May 17, 2024, allowing projects to continue.
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Expenditure authority from airport and airway trust fund
Continues aviation trust fund spending
Allows money to be spent from the Airport and Airway Trust Fund until May 18, 2024, instead of the old date of May 11, 2024.
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Extension of taxes funding airport and airway trust fund
Extends aviation taxes
Keeps the taxes on fuel and tickets that pay for the Airport and Airway Trust Fund going until May 17, 2024.
Adjusts airport program funding
Updates the total money allowed for the airport improvement program to $2,105,191,256 for the period ending May 17, 2024.
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Extension of expiring authorities; miscellaneous authorizations
Extends various aviation authorities
Pushes back the expiration date for over a dozen different aviation rules and programs from May 10, 2024, to May 17, 2024.
Who does this affect?
- Airports
- Air travelers
- Airlines
What is the real world impact?
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Prevents disruption to air travel and airport projects
Provides a short-term extension to keep critical aviation programs funded and operational. This avoids shutting down airport improvement projects and other essential services that rely on this funding.
What problem does this solve?
Funding and legal permissions for important airport and airway programs were about to run out, which could stop projects and services. This law pushes back the deadlines, giving these programs more time to operate without interruption.
When does this start?
This law extends various aviation programs and taxes for about one week, with most new deadlines set for May 17 or May 18, 2024.
Airport improvement program extension
The authority for airport improvement project grants is extended to May 17, 2024.
Reference
Text:
Section:
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Extension of taxes funding airport and airway trust fund
Aviation tax extension
Taxes on fuel and tickets that fund aviation programs are extended until May 17, 2024.
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Text:
Section:
Header:
Expenditure authority from airport and airway trust fund
Trust fund spending extension
The authority to spend money from the Airport and Airway Trust Fund is extended to May 18, 2024.