[Code of Federal Regulations]

[Title 14, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR158.95]



[Page 187]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 158_PASSENGER FACILITY CHARGES (PFC'S)--Table of Contents

 

    Subpart F_Reduction in Airport Improvement Program Apportionment

 

Sec. 158.95  Implementation of reduction.



    (a) A reduction in apportioned funds will not take effect until the 

first fiscal year following the year in which the collection of the PFC 

is begun and will be applied in each succeeding fiscal year in which the 

public agency imposes the PFC.

    (b) The reduction in apportioned funds is calculated at the 

beginning of each fiscal year and shall be an amount equal to--

    (1) In the case of a fee of $3 or less, 50 percent of the projected 

revenues from the fee in the fiscal year but not by more than 50 percent 

of the amount that otherwise would be apportioned under this section; 

and

    (2) In the case of a fee of more than $3, 75 percent of the 

projected revenues from the fee in the fiscal year but not by more than 

75 percent of the amount that otherwise would be apportioned under this 

section.

    (c) If the projection of PFC revenue in a fiscal year is inaccurate, 

the reduction in apportioned funds may be increased or decreased in the 

following fiscal year, except that any further reduction shall not cause 

the total reduction to exceed 50 percent of such apportioned amount as 

would otherwise be apportioned in any fiscal year.



[Doc. No. 26385, 56 FR 24278, May 29, 1991, as amended by Amdt. 158-2, 

65 FR 34543, May 30, 2000]