CLARIFICATION OF REIMBURSABLE ALLOWED COSTS OF FAA MEMORANDA OF AGREEMENT.

SEC. 1044. CLARIFICATION OF REIMBURSABLE ALLOWED COSTS OF FAA MEMORANDA OF AGREEMENT. Section 47504(c)(2) of title 49, United States Code, is amended— (1) in subparagraph (D) by striking “and” at the end; (2) in subparagraph (E) by striking the period at the end and inserting “; and”; and (3) by adding at the end the following: “(F) to an airport operator of a congested airport (as defined in section 47175) and a unit of local government referred to in paragraph (1)(B) to carry out a project to mitigate noise, if the project— “(i) consists of— “(I) replacement windows, doors, and the installation of through-the-wall air conditioning units; or “(II) a contribution of the equivalent costs to be used for reconstruction if reconstruction is the preferred local solution; “(ii) is located at a school near the airport; and “(iii) is included in a memorandum of agreement entered into before September 30, 2002, even if the airport has not met the requirements of part 150 of title 14, Code of Federal Regulations, and only if the financial limitations of the memorandum are applied.” .