Commonwealth Aviation Fund Allowances (language only)

Item 425 #1s

Language

Page 541, after line 11, insert:

"C.1. Notwithstanding § 33.2-1526.6, Code of Virginia, six percent of Commonwealth Aviation Fund funds shall be allocated as entitlement funds to the Metropolitan Washington Airports Authority (MWAA).

2.a. Of the remaining amounts from paragraph C.1., fifty percent of the funds from the Commonwealth Aviation Fund shall be allocated as entitlement funds to air carrier airports that are not airports owned or leased by MWAA.

b. In fiscal year 2026, no air carrier airport shall receive more than twenty-five percent or less than eight percent of the funds.

3.a. Of the remaining amounts from paragraph C.1., fifty percent of the funds from the Commonwealth Aviation Fund shall be allocated on a discretionary basis.

b. For the first six months of fiscal year 2026, (i) forty percent of the funds in paragraph C.3.a. shall be allocated by the Virginia Aviation Board for air carrier and reliever airports on a discretionary basis, except airports owned or leased by MWAA, and (ii) ten percent of the funds in paragraph C.3.a. shall be allocated by the Virginia Aviation Board for general aviation airports on a discretionary basis.

c. For the second six months of fiscal year 2026, all remaining funds in paragraph C.3.a. shall be allocated by the Virginia Aviation Board for all eligible airports on a discretionary basis, except airports owned or leased by MWAA."