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Smart Skies Fact

When was the Airport and Airway Trust Fund created?

1970

What is the Trust Fund used for?

The AATF provides funding for improvements to the nation's airports and air traffic control system, through three capital accounts: Airport Improvement Program (AIP), Facilities and Equipment (F&E), and Research, Engineering and Development (RE&D). The Trust Fund also pays for the lion's share of the FAA operations budget, though this was not an original purpose of the Trust Fund.
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