The bill, which the Commerce, Science and Transportation Committee cleared unanimously on May 1, calls for $3.4 billion for the Airport Improvement Program in fiscal 2004. That total would rise to $3.5 billion in 2005 and $3.6 billion in 2006.
Lawmakers and industry have been concerned that airports have been tapping the AIP funds to pay for security needs in the aftermath of the September,11, 2001, terrorist attacks. The committee bill establishes a new "aviation security capital fund," of $500 million a year. That money would be drawn from aviation security fees, which were recently suspended but due to be reinstated on Sept. 30. Those fees would not go into the Airport and Airway Trust Fund, which finances AIP.