PUBLIC LAW 106-31—MAY 21, 1999 113 STAT. 113 (1) striking the paragraph within subsection 234(g) that is currently designated as 234(c); (2) in paragraph (g)(2), changing the title to read "Equity Authority Limited to Projects in Sub-Saharan Africa and Caribbean Basin and Marine Transportation Projects Globall)^' and inserting after the words "Caribbean Basin Economic Recovery Act" the following: "and in marine transportation projects in countries and areas eligible for OPIC support worldwide using United States commercial maritime expertise"; and (3) inserting a new paragraph (g)(5) to read: "IMPLEMENTATION.— To the extent provided in advance in appropriations Acts, the Corporation is authorized to create such legal vehicles as may be necessary for implementation of its authorities, which legal vehicles may be deemed non-Federal borrowers for purposes of the Federal Credit Reform Act of 1990. Income and proceeds of investments made pursuant to this section 234(g) may be used to purchase equity or quasi-equity securities in accordance with the provisions of this section: Provided, however, That such purchases shall not be limited to the 4-year period of the pilot program: Provided further. That the limitations contained in section 234(g)(2) shall not apply to such purchases.". SEC. 6002. (a) AUTHORIZATION OF APPROPRIATIONS. —Section 48103 of title 49, United States Code, is amended by striking "$1,607,000,000 for the 8-month period beginning October 1, 1998." and inserting "$2,050,000,000 for the period beginning October 1, 1998 and ending August 6, 1999. ". (b) OBLIGATIONAL AUTHORITY.— Section 47104(c) of such title is amended by striking "May 31, 1999," and inserting "August 6, 1999,". (c) LIQUIDATION OF CONTRACT AUTHORIZATION.— The Department of Transportation and Related Agencies Appropriations Act, 1999, as amended, is further amended as follows: Strike the last proviso under the heading "Grants-in-Aid for Airports, (Liquidation of Contract Authorization), (Airport and Airway Trust Fund)" and insert "Provided further. That not more than $1,660,000,000 of funds limited under this heading may be obligated before the enactment of a law extending contract authorization for the Grantsin-Aid for Airports Program beyond August 6, 1999.". (d) MILITARY AIRPORT PROGRAM. — Section 47117(e)(1)(B) of title 49, United States Code, is amended by striking "for each of fiscal years 1997 and 1998". (e) RELEASE OF MWAA FUNDING.— Section 9(a) of the Interim Federal Aviation Administration Authorization Act (Public Law 106-6) is amended by striking "(an application that is pending Ante, p. 11. at the Department of Transportation on March 17, 1999) for expenditure or obligation of up to $30,000,000" and inserting "for expenditure or obligation of up to $60,000,000". (f) EXTENSION OF AVIATION INSURANCE PROGRAM. —Section 44310 of title 49, United States Code, is amended by striking "May 31, 1999" and inserting "August 6, 1999". SEC. 6003. TITLE 49 RECODIFICATION CORRECTION.— Effective December 31, 1998, section 4(k) of the Act of July 5, 1994 (Public Law 103-272; 108 Stat. 1370), as amended by section 7(a)(3)(D) of the Act of October 31, 1994 (Public Law 103-429; 108 Stat. 4329), is repealed. SEC. 6004. Section 3027(d)(3) of the Transportation Equity Act for the 21st Century (49 U.S.C. 5307 note; 112 Stat. 366) as added 112 Stat. 2681-445. Effective date. 49 USC 41107 and note, 41901^1903.
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