(A) by striking ‘‘Instead of apportioning
amounts for airports in Alaska under’’ and in-
serting ‘‘IN GENERAL.—Notwithstanding’’; and
(B) by striking ‘‘those airports’’ and in-
serting ‘‘airports in Alaska’’;
(3) in paragraph (2) by inserting ‘‘AUTHORITY
FOR DISCRETIONARY GRANTS.—’’ before ‘‘This sub-
section’’;
(4) by striking paragraph (3) and inserting the
following:
‘‘(3) AIRPORTS
ELIGIBLE
FOR
FUNDS.—An
amount apportioned under this subsection may be
used for any public airport in Alaska.’’;
(5) by indenting paragraph (1) and aligning it
and paragraph (2) with paragraph (3), as amended
by paragraph (4) of this subsection; and
(6) by aligning subparagraphs (A) and (B) of
paragraph (1) with subparagraph (C) of paragraph
(1), as added by subsection (f).
(i) REPEAL
OF APPORTIONMENT LIMITATION
ON
COMMERCIAL SERVICE AIRPORTS IN ALASKA.—Section
47117 is amended by striking subsection (f) and by redes-
ignating subsections (g) and (h) as subsections (f) and (g),
respectively.
(j) DESIGNATING CURRENT AND FORMER MILITARY
AIRPORTS.—Section 47118(a) is amended by striking
‘‘12’’ and inserting ‘‘14’’.
(k) ELIGIBILITY OF RUNWAY INCURSION PREVEN-
TION DEVICES.—
(1) POLICY.—Section 47101(a)(11) is amended
by inserting ‘‘(including integrated in-pavement
lighting systems for runways and taxiways and other
runway and taxiway incursion prevention devices)’’
after ‘‘activities’’.
(2) MAXIMUM USE OF SAFETY FACILITIES.—
Section 47101(f) is amended—
(A) by striking ‘‘and’’ at the end of para-
graph (9); and
(B) by striking the period at the end of
paragraph (10) and inserting ‘‘; and’’; and
(C) by adding at the end the following:
‘‘(11) runway and taxiway incursion prevention
devices, including integrated in-pavement lighting
systems for runways and taxiways, in accordance
with an applicable runway incursion prevention
plan.’’.
(3) AIRPORT
DEVELOPMENT
DEFINED.—Sec-
tion 47102(3)(B)(ii) is amended by inserting ‘‘and
including integrated in-pavement lighting systems
for runways and taxiways and other runway and
taxiway incursion prevention devices’’ before the
semicolon at the end.
SEC. 7. GRANTS FROM SMALL AIRPORT FUND.
(a) SET-ASIDE FOR MEETING SAFETY TERMS IN
AIRPORT OPERATING CERTIFICATES.—Section 47116 is
amended by adding at the end the following:
‘‘(e) SET-ASIDE FOR MEETING SAFETY TERMS IN
AIRPORT OPERATING CERTIFICATES.—In the first fiscal
year beginning after the effective date of regulations
issued to carry out section 44706(b) with respect to air-
ports described in section 44706(a)(2), and in each of the
next 4 fiscal years, the lesser of $15,000,000 or 20 percent
of the amounts distributed to sponsors of airports under
subsection (b)(2) shall be used to assist the airports in
meeting the terms established by the regulations. If the
Secretary publishes in the Federal Register a finding that
all the terms established by the regulations have been met,
this subsection shall cease to be effective as of the date
of such publication.’’.
(b) NOTIFICATION OF SOURCE OF GRANT.—Section
47116 is further amended by adding at the end the follow-
ing:
‘‘(f) NOTIFICATION OF SOURCE OF GRANT.—When-
ever the Secretary makes a grant under this section, the
Secretary shall notify the recipient of the grant, in writing,
that the source of the grant is from the small airport
fund.’’.
SEC. 8. INNOVATIVE USE OF AIRPORT GRANT FUNDS.
(a) IN GENERAL.—Subchapter I of chapter 471 is
amended by adding at the end the following:
‘‘§ 47135. Innovative financing techniques
‘‘(a) IN GENERAL.—The Secretary of Transportation
may approve applications under this subchapter for not
more than 20 projects for which grants made under the
subchapter may be used to implement innovative financing
techniques.
‘‘(b) PURPOSE.—The purpose of implementing inno-
vative financing techniques under this section shall be to
provide information on the benefits and difficulties of
using such techniques for airport development projects.
‘‘(c) LIMITATION.—In no case shall the implementa-
tion of an innovative financing technique under this sec-
tion result in a direct or indirect guarantee of any airport
debt instrument by the United States Government.
‘‘(d) INNOVATIVE
FINANCING
TECHNIQUE
DE-
FINED.—In this section, the term ‘innovative financing
technique’ is limited to the following:
‘‘(1) payment of interest;
‘‘(2) commercial bond insurance and other cred-
it enhancement associated with airport bonds for eli-
gible airport development; and
‘‘(3) flexible non-Federal matching require-
ments.’’.
(b) CONFORMING AMENDMENT.—The analysis for
subchapter 1 of chapter 471 is amended by adding at the
end the following:
‘‘47135. Innovative financing techniques.’’.
SEC. 9. MATCHING SHARE FOR STATE BLOCK GRANT PRO-
GRAM.
Section 47109(a) is amended—
(1) by redesignating paragraphs (2) and (3) as
paragraphs (3) and (4), respectively;
(2) by inserting after paragraph (1) the follow-
ing:
‘‘(2) not more than 90 percent for a project
funded by a grant issued to and administered by a
State under section 47128, relating to the State
block grant program;’’;
(3) by striking ‘‘and’’ at the end of paragraph
(3), as so redesignated;
(4) by striking the period at the end of para-
graph (4), as so redesignated, and inserting ‘‘; and’’;
and
(5) by adding at the end the following: