Aviation funding gets a Congressional extension
June 1, 2011, 03:04 pm
The Federal Aviation Administration received a one month extension for the funding of certain programs, according to General Aviation News. The funds were originally supposed to end at midnight on May 31, but the House and Senate both agreed to extend them through the end of June.
At the heart of the matter is the Airport and Airway Trust Fund, which provides money to most of the FAA's programs, according to Congressional Quarterly Weekly. This fund was created by the Airport and Airway Revenue Act of 1970 and provides money to the country's aviation system, the FAA reports.
These funds are derived from passenger tickets, international arrivals and departures, cargo waybills and aviation fuels, among others. The House and Senate have differing viewpoints on how much money they think the fund should be given over the next several years, according to the news source.
There is language in the legislation that discusses the possibility of terminating the Essential Air Service program. This program guarantees that small and rural communities are serviced by certified air carriers, providing more flight possibilities for people that are not able to carry pilots life insurance and fly themselves where they need to go, the FAA reports.
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