Airport and Airway Extension Act of 2010, Part III

[AI summary unavailable — showing source text] Airport and Airway Extension Act of 2010, Part III - Amends the Internal Revenue Code to extend through December 31, 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. Makes funds available for the three-month period beginning on October 1, 2010, for airport planning and development and noise compatibility planning projects. Extends through December 31, 2010, the authority of the Secretary of Transportation to make airport improvement project (AIP) grants. Extends through December 31, 2010: (1) the pilot programs for passenger facility fee authorizations at non-hub airports; and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Extends through FY2011 the authorization of appropriations for the program of assistance to small communities with insufficient air carrier service. Directs the Secretary to extend through December 31, 2010, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through March 31, 201…