Aviation Trust Fund- IR-21 FLYING HIGH, GOOD NEWS FOR GA
In what will be a huge victory for the aviation industry, Congress is
very close to approving an FAA reauthorization bill that is extremely
beneficial.  As AVweb reported Thursday, House and Senate negotiators
finally reached an agreement on AIR-21 last week after being unable to
reach a consensus for three years.  By "unlocking" the trust fund with
the guarantee that all aviation tax revenues and interest will be fully
spent, enactment of AIR-21 would mean more than $40 billion for the FAA
over the next three years.  Included in the bill are: a 64% increase in
money for airports, a doubling of the Airport Improvement Program state
entitlement that funds GA airports and more money for ATC modernization
and navigation technology.  AIR-21 hasn't made it off the ground quite
yet, though -- it still must be approved by the House, and signed by the
president.  Keep your eyes on Washington, as early this week your House
representatives are due to vote on this agreement.

   NOTE: AVweb's NewsWire <http://www.avweb.com/newswire/news0011a.html>includes the complete text of the conference agreement on AIR-21
   (H.R. 1000).