S.Amdt. 3738

SA 3738. Mr. VITTER submitted an amendment intended to be proposed to
amendment SA 3679 proposed by Mr. McConnell (for Mr. Thune (for himself
and Mr. Nelson)) to the bill H.R. 636, to amend the Internal Revenue
Code of 1986 to permanently extend increased expensing limitations, and
for other purposes; which was ordered to lie on the table; as follows:

At the end of title V, add the following:

SEC. 5037. MODIFICATIONS TO PILOT PROGRAM ON PRIVATE
OWNERSHIP OF AIRPORTS.

(a) Support for Essential Predevelopment Activities.--
Section 47134 is amended by adding at the end the following:
``(n) Predevelopment Grants.--There are authorized to be
appropriated, out of funds available to the Federal Aviation
Administration, $15,000,000 for purposes of making grants to
airports, in an amount not to exceed $750,000 per grant, to
carry out predevelopment activities relating to the pilot
program under this section, subject to such terms and
conditions as the Secretary, in consultation with the
Administrator, may reasonably require.''.
(b) Authorization of Entities Partially Owned by Public
Agencies to Participate in Pilot Program.--Subsection (a) of
such section is amended by striking ``public agency'' and
inserting ``person owned solely by a public agency''.
(c) Increase in Participation of Certain Airports.--
Subsection (d)(2) of such section is amended by striking
``more than 1 application submitted by an airport'' and
inserting ``more than 3 applications submitted by airports''.
______