§ 47115.
(c)
Minimum Percentage for Primary and Reliever Airports.—
At least 75 percent of the amount in the fund and distributed by the Secretary in a fiscal year shall be used for making grants—
(1)
to preserve and enhance capacity, safety, and security at primary and reliever airports; and
(2)
to carry out airport noise compatibility planning and programs at primary and reliever airports.
(g)
Minimum Amount To Be Credited.—
(1)
General rule.—
In a fiscal year, there shall be credited to the fund, out of amounts made available under
section 48103 of this title, an amount that is at least equal to the sum of—
(B)
the total amount required from the fund to carry out in the fiscal year letters of intent issued before
January 1, 1996, under
section 47110(e) of this title or the Airport and Airway Improvement Act of 1982.
The amount credited is exclusive of amounts that have been apportioned in a prior fiscal year under
section 47114 of this title and that remain available for obligation.
(2)
Reduction of apportionments.—
In a fiscal year in which the amount credited under subsection (a) is less than the minimum amount to be credited under paragraph (1), the total amount calculated under paragraph (3) shall be reduced by an amount that, when credited to the fund, together with the amount credited under subsection (a), equals such minimum amount.
(3)
Amount of reduction.—
For a fiscal year, the total amount available to make a reduction to carry out paragraph (2) is the total of the amounts determined under sections 47114(c)(1)(A), 47114(c)(2), 47114(d), and 47117(e) of this title. Each amount shall be reduced by an equal percentage to achieve the reduction.
(i)
Marshall Islands, Micronesia, and Palau.—
For fiscal years 2018 through 2023, and for the period beginning on October 1, 2023, and ending on May 10, 2024, the sponsors of airports located in the Republic of the Marshall Islands, Federated States of Micronesia, and Republic of Palau shall be eligible for grants under this section and section 47116.
([Pub. L. 103–272, § 1(e)], July 5, 1994, [108 Stat. 1270]; [Pub. L. 103–305, title I, § 112(d)], Aug. 23, 1994, [108 Stat. 1576]; [Pub. L. 103–429, § 6(67)], Oct. 31, 1994, [108 Stat. 4386]; [Pub. L. 104–264, title I], §§ 122, 145, Oct. 9, 1996, [110 Stat. 3218], 3222; [Pub. L. 104–287, § 5(81)], Oct. 11, 1996, [110 Stat. 3397]; [Pub. L. 106–6], §§ 5, 8(a), Mar. 31, 1999, [113 Stat. 10], 11; [Pub. L. 107–71, title I, § 119(a)(3)], Nov. 19, 2001, [115 Stat. 628]; [Pub. L. 108–176, title I], §§ 148, 188, Dec. 12, 2003, [117 Stat. 2504], 2519; [Pub. L. 110–253, § 3(c)(5)], June 30, 2008, [122 Stat. 2418]; [Pub. L. 110–330, § 5(f)], Sept. 30, 2008, [122 Stat. 3718]; [Pub. L. 111–12, § 5(e)], Mar. 30, 2009, [123 Stat. 1458]; [Pub. L. 111–69, § 5(f)], Oct. 1, 2009, [123 Stat. 2055];