PUBLIC LAW 103-305—AUG. 23, 1994 108 STAT. 1573 products, appropriate Federal agencies, and other relevant persons. (3) REPORT.—Not later than June 1, 1995, the Secretary shall report to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Public Works and Transportation of the House of Representatives on the results of the study conducted under this subsection. SEC. 108. REPEAL OF GENERAL AVIATION AIRPORT PROJECT GRANT APPLICATION APPROVAL. Section 47106 is amended— (1) by striking subsection (d); and (2) by redesignating subsection (e) as subsection (d). SEC. 109. REPORTS ON IMPACTS OF NEW AIRPORT PROJECTS. Section 47106 is amended by adding at the end the following: "(e) REPORTS RELATING TO CONSTRUCTION OF CERTAIN NEW HUB AIRPORTS. —At least 90 days prior to the approval under this subchapter of a project grant application for construction of a new hub airport that is expected to have 0.25 percent or more of the total annual enplanements in the United States, the Secretary shall submit to Congress a report analyzing the anticipated impact of such proposed new airport on— "(1) the fees charged to air carriers (including landing fees), and other costs that will be incurred by air carriers, for using the proposed airport; "(2) air transportation that will be provided in the geographic region of the proposed airport; and "(3) the availability and cost of providing air transportation to rural areas in such geographic region.". SEC. 110. AIRPORT FEES POLICY. Section 47101(a) is further amended by adding at the end the following: "(12) that airport fees, rates, and charges must be reasonable and may only be used for purposes not prohibited by this Act; and "(13) that airports should be as self-sustaining as possible under the circumstances existing at each particular airport and in establishing new fees, rates, and charges, and generating revenues from all sources, airport owners and operators should not seek to create revenue surpluses that exceed the amounts to be used for airport system purposes and for other purposes for which airport revenues may be spent under section 47107(b)(1) of this title, including reasonable reserves and other funds to facilitate financing and cover contingencies.". SEC. 111. AIRPORT FINANCIAL REPORTS. (a) IN GENERAL.—Section 47107(a) is amended— (1) by inserting before the semicolon at the end of paragraph (15) "and make such reports available to the public"; (2) by striking "and" at the end of paragraph (17); (3) by striking the period at the end of paragraph (18) and inserting "; and"; and (4) by adding at the end the following: "(19) the airport; owner or operator will submit to the Public Secretary and make available to the public an annual report information, listing in detail—
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