5-YEAR EXTENSION OF HIGHWAY TRUST FUND.

SEC. 503. 5-YEAR EXTENSION OF HIGHWAY TRUST FUND. (a) In General.—Subsections (b), (c), and (e) of section 9503 of the Internal Revenue Code of 1986 (relating to Highway Trust Fund) are each amended— (1) by striking out “1988” each place it appears and inserting in lieu thereof “1993”, and (2) by striking out “1989” each place it appears and inserting in lieu thereof “1994”. (b) Expenditures From Highway Trust Fund.—Paragraph (1) of section 9503(c) of such Code (relating to expenditures from Highway Trust Fund) is amended by striking out “or” at the end of subparagraph (B) and by striking out subparagraph (C) and inserting in lieu thereof the following: “(C) authorized to be paid out of the Highway Trust Fund under the Surface Transportation and Uniform Relocation Assistance Act of 1987, or 101 STAT. 258 “(D) hereafter authorized by a law which does not authorize the expenditure out of the Highway Trust Fund of any amount for a general purpose not covered by subparagraph (A), (B), or (C) as in effect on the date of the enactment of the Surface Transportation and Uniform Relocation Assistance Act of 1987. (c) Conforming Amendments to Land and Water Conservation Fund.—Subsection (b) of section 201 of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 4601–11) is amended— (1) by striking out “1988” and inserting in lieu thereof “1993”, and (2) by striking out “1989” each place it appears and inserting in lieu thereof “1994”.