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Contents: (1) Background; (2) Legislative Status; (3) Proposed Funding Authorization Levels; (4) Pay-As-You-Go (PAYGO) Act: Budgetary Effects Determination; (5) Aviation System Finance; (6) Airport Financing; (7) Spending Guarantee Mechanisms; (8) Federal Aviation Administration (FAA) Management and Organizational Issues; (9) System Capacity; (10) Aviation Safety; (11) Environmental and Energy Issues; (12) Airline Industry Issues; (13) Airline Passenger Rights Issues. Charts and tables.