Present Law And Background Relating to H.R. 1659 (Airport Security Act of 1989) Jcx-7-89
Present Law And Background Relating to H.R. 1659 (Airport Security Act of 1989) Jcx-7-89
United States. Congress. Joint Committee On Taxation
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III. Issues Under H.R. 1659 1. If the Committee agrees with the bill as reported by the Committee orr- Public Works and Transportation, an amendment is needed to Code section 9502(d) in order to update the Trust Fund Code cross reference to the authorization expenditure purposes as amended by the bill. 2. The bill would authorize grants from the Trust Fund (up to 100 percent of acquisition cost) to air carriers to install (at airports in the U.S. and outside the U.S.) explosive detection equipm...ent required under the Federal Aviation Act as amended by the bill. IV. Status of Airport and Airway Trust Fund The uncommitted balance in the Airport and Airway Trust Fund was $5.8 billion at the end of FY 1988, and is projected (by the Congressional Budget Office) to be $6.8 billion at the end of FY 1989 and FY 1990.^ ^ Congressional Budget Office, The Status of the Airport and Airway Trust Fund , December 1988, p. 36.
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