LANDING ATOS AND NAVIGATIONAL EQUIPMENT INVENTORY POOL.

SEC. 120. LANDING ATOS AND NAVIGATIONAL EQUIPMENT INVENTORY POOL. (a) Purchase.— Section 44502(a) is amended by adding at the end the following new paragraph: “(4) Purchase of instrument landing system.— “(A) Establishment of program.— The Secretary shall purchase precision approach instrument landing system equipment for installation at airports on an expedited basis. “(B) Authorization.— No less than $30,000,000 of the amounts appropriated under section 48101(a) for each of fiscal years 1995 and 1996 shall be used for the purpose of carrying out this paragraph, including acquisition, site preparation work, installation, and related expenditures.”. (b) Cost Savings Associated With Purchase.— Notwithstanding other provisions of law or regulations to the contrary, the Administrator shall establish, within 120 days after the date of the enactment of this Act, a process through which airport sponsors may take advantage of cost savings associated with the purchase and installation of instrument landing systems, along with associated equipment, under existing or future Federal Aviation Administration contracts. The process established by the Administrator may provide for the direct reimbursement (including administrative costs) of the Administrator by an airport sponsor using grants funds under subchapter I of chapter 471 of subtitle VII of title 49, United States Code, relating to airport improvement, for the ordering of such equipment and installation or for the direct ordering of such equipment and installation by an airport sponsor, using such grant funds, from the suppliers with which the Administrator has contracted.