108 STAT. 1114 PUBLIC LAW 103-272—JULY 5, 1994 (A) The agency must provide written notice of individual projects being considered for financing by a passenger facility fee and the date and location of a meeting to present the projects to air carriers and foreign air carriers operating at the airport. (B) Not later than 30 days after written notice is provided under subparagraph (A) of this paragraph, each air carrier and foreign air carrier operating at the airport must provide to the agency written notice of receipt of the notice. Failure of a carrier to provide the notice may be deemed certification of agreement with the project by the carrier under subparagraph (D) of this paragraph. (C) Not later than 45 days after written notice is provided under subparagraph (A) of this paragraph, the agency must conduct a meeting to provide air carriers and foreign air carriers with descriptions of projects and justifications and a detailed financial plan for projects. (D) Not later than 30 days after the meeting, each air carrier and foreign air carrier must provide to the agency certification of agreement or disagreement with projects (or total plan for the projects). Failure to provide the certification is deemed certification of agreement with the project by the carrier. A certification of disagreement is void if it does not contain the reasons for the disagreement. Notice. (3) After receiving an application, the Secretary shall provide notice and an opportunity to air carriers, foreign air carriers, and other interested persons to comment on the application. The Secretary shall make a final decision on the application not later than 120 days after receiving it. (d) LIMITATIONS ON APPROVING APPLICATIONS.—The Secretary may approve an application that an eligible agency has submitted under subsection (c) of this section to finance a specific project only if the Secretary finds, based on the application, that— (1) the amount and duration of the proposed passenger facility fee will result in revenue (including interest and other returns on the revenue) that is not more than the amount necessary to finance the specific project; and (2) each project is an eligible airport-related project that will— (A) preserve or enhance capacity, safety, or security of the national air transportation system; (B) reduce noise resulting from an airport that is part of the system; or (C) provide an opportunity for enhanced competition between or among air carriers and foreign air carriers. (e) LIMITATIONS ON IMPOSING FEES. —(1) An eligible agency may impose a passenger facility fee only— (A) if the Secretary approves an application that the agency has submitted under subsection (c) of this section; and (B) subject to terms the Secretary may prescribe to carry out the objectives of this section. (2) A passenger facility fee may not be collected from a passenger— (A) for more than 2 boardings on a one-way trip or a trip in each direction of a round trip;
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