Page:United States Statutes at Large Volume 108 Part 1.djvu/725

 PUBLIC LAW 103-260—MAY 26, 1994 108 STAT. 699 2206(c)) is amended by adding at the end the following new paragraph: "(5) SPECIAL RULE.— (A) In any fiscal year not less than $325,000,000 of the amount made available under section 505(a) shall be credited to the discretionary fund established by paragraph (1), and such $325,000,000 shall be exclusive of amounts that have been apportioned in a prior year under this section and which remain available for obligation. "(B) In any fiscal year in which the amount credited to the discretionary fund pursuant to paragraph (1) is less than $325,000,000, the total amount calculated under subparagraph (C) of this paragraph shall be reduced by an amount which, when credited to the discretionary fund, will, together with the amount credited pursuant to paragraph (1), equal $325,000,000. "(C) The total amount, for any fiscal year, that is subject to reduction pursuant to subparagraph (B) shall be the sum of— "(i) the amount determined under subsection (a)(1) "(ii) the amount determined under subsection (a)(2) "(iii) the amount determined under subsection (a)(3) "(iv) the amount determined under section 508(d)(1) "(v) the amount determined under section 508(d)(2) "(vi) the amount determined under section 508(d)(3) "(vii) the amount determined under section 508(d)(4) and "(viii) the amount determined under section 508(d)(5). "(D) To accomplish a reduction pursuant to subparagraph (B), each of the amounts described in subparagraphs (C)(i) through (C)(viii), respectively, shall be reduced by an equal percentage.". (b) EFFECTIVE DATE. —The amendment made by subsection (a) shall take effect on July 1, 1994. SEC. 105. USE OF APPORTIONED AND DISCRETIONARY FUNDS. Section 508(d) of the Airport and Airway Improvement Act of 1982 (49 App. U.S.C. 2207(d)) is amended— (1) in paragraph (1), by striking "10" and inserting "5"; (2) in paragraph (3), by striking "2.5" wherever it appears and inserting "1.5"; and (3) in paragraph (4), by striking "V2" and inserting "%". SEC. 106. REIMBURSEMENT FOR PAST EXPENDITURES. Section 513(a)(2) of the Airport and Airway Improvement Act of 1982 (49 App. U.S.C. 2212(a)(2)) is amended— (1) by striking "or" at the end of subparagraph (A); (2) by inserting "or" after the semicolon at the end of subparagraph (B); and (3) by inserting after subparagraph (B) the following: "(C)(i) it was incurred— "(I) during fiscal year 1994; "(II) before execution of a grant agreement with respect to the project but in accordance with an airport layout plan approved by the Secretary and in accordance with all applicable statutory and administrative requirements that would have been applicable to the project if the grant agreement had been executed; and 49 USC app. Ii206 note.

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