Airport and Airway Extension Act of 2010, Part II

[AI summary unavailable — showing source text] Airport and Airway Extension Act of 2010, Part II - Amends the Internal Revenue Code to extend through August 1, 2010: (1) increased excise taxes on aviation fuels and the excise tax on air transportation of persons and property; and (2) the expenditure authority for the Airport and Airway Trust Fund. Increases the authorization of appropriations for FY2010 for airport planning and development and noise compatibility planning projects. Extends through August 1, 2010, the authority of the Secretary of Transportation to make airport improvement project (AIP) grants. Extends through August 1, 2010: (1) the pilot program for passenger facility fee authorizations at non-hub airports; and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Directs the Secretary of Transportation to extend through August 1, 2010, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through October 31, 2010. Extends through August 1, 2010: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governmen…