Aviation Investment Act of 1994

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Aviation Investment Act of 1994 Title II: Federal Aviation Act of 1958 Amendments Title III: Aviation Safety and Noise Abatement Act of 1979 Amendments Title IV: General Provisions Title V: Amendments to the Internal Revenue Code of 1986 Title I: Aviation Investment Act of 1994 - Aviation Investment Act of 1994 - Amends the Airport and Airway Improvement Act of 1982 to declare that it is in the national interest to encourage projects that employ innovative technology that promotes safety, capacity, and efficiency improvements in air transportation. (Sec. 103) Makes the acquisition or installation by a public-use airport of explosive detection devices and universal access systems an "airport development" activity. (Sec. 104) Authorizes appropriations for: (1) FY 1994 through 1997 for airport development and airport planning projects; (2) FY 1996 through 1997 for airport improvement projects; and (3) FY 1995 through 1997 for research, engineering and development, and demonstration projects. (Sec. 107) Authorizes the appropriation of the balance of available funds in the Airport and Airway Trust Fund for costs incurred by the Federal Aviation Administration…