SMALL AIRPORT FUND.

SEC. 716. SMALL AIRPORT FUND. Section 47116 of title 49, United States Code, is amended— (1) in subsection (b) by striking paragraphs (1) and (2) and inserting the following: “(1) Not more than 25 percent for grants for projects at small hub airports. “(2) Not less than 25 percent for grants to sponsors of public-use airports (except commercial service airports). “(3) Not less than 50 percent for grants to sponsors of commercial service airports that are not larger than a nonhub airport.” ; (2) in subsection (d)— (A) by striking paragraph (2); and (B) by redesignating paragraph (3) as paragraph (2); and (3) by striking subsections (e) and (f) and inserting the following: “(e) General Aviation Transient Aprons.—In distributing amounts from the fund described in subsection (a) to sponsors described in subsection (b)(2) and (b)(3), 5 percent of each amount shall be used for projects to construct or rehabilitate aprons intended to be used for itinerant general aviation aircraft parking.” .