785 

Federal Aviation Administration, DOT 

§ 158.63 

(5) The provisions of paragraph (b) of 

this section that allow the commin-
gling of PFCs with other air carrier 
revenue do not apply to a covered air 
carrier. 

(d) All collecting air carriers must 

disclose the existence and amount of 
PFC funds regarded as trust funds in 
their financial statements. 

[Doc. No. 26385, 56 FR 24278, May 29, 1991, as 
amended by Amdt. 158–2, 65 FR 34542, May 30, 
2000; Amdt. 158–4, 72 FR 28850, May 23, 2007] 

§ 158.51 Remittance of PFC’s. 

Passenger facility charges collected 

by carriers shall be remitted to the 
public agency on a monthly basis. PFC 
revenue recorded in the accounting 
system of the carrier, as set forth in 
§ 158.49 of this part, shall be remitted to 
the public agency no later than the 
last day of the following calendar 
month (or if that date falls on a week-
end or holiday, the first business day 
thereafter). 

§ 158.53 Collection compensation. 

(a) As compensation for collecting, 

handling, and remitting the PFC rev-
enue, the collecting air carrier is enti-
tled to: 

(1) $0.11 of each PFC collected. 
(2) Any interest or other investment 

return earned on PFC revenue between 
the time of collection and remittance 
to the public agency. 

(b) A covered air carrier that fails to 

designate a separate PFC account is 
prohibited from collecting interest on 
the PFC revenue. Where a covered air 
carrier maintains a separate PFC ac-
count in compliance with § 158.49(c), it 
will receive the interest on PFC ac-
counts as described in paragraph (a)(2) 
of this section. 

(c)(1) Collecting air carriers may pro-

vide collection cost data periodically 
to the FAA after the agency issues a 
notice in the F

EDERAL

R

EGISTER

that 

specifies the information and deadline 
for filing the information. Submission 
of the information is voluntary. The 
requested information must include 
data on interest earned by the air car-
riers on PFC revenue and air carrier 
collection, handling, and remittance 
costs in the following categories: 

(i) Credit card fees; 
(ii) Audit fees; 

(iii) PFC disclosure fees; 
(iv) Reservations costs; 
(v) Passenger service costs; 
(vi) Revenue accounting, data entry, 

accounts payable, tax, and legal fees; 

(vii) Corporate property department 

costs; 

(viii) Training for reservations 

agents, ticket agents, and other de-
partments; 

(ix) Ongoing carrier information sys-

tems costs; 

(x) Ongoing computer reservations 

systems costs; and 

(xi) Airline Reporting Corporation 

fees. 

(2) The FAA may determine a new 

compensation level based on an anal-
ysis of the data provided under para-
graph (c)(1) of this section, if the data 
is submitted by carriers representing 
at least 75 percent of PFCs collected 
nationwide. 

(3) Any new compensation level de-

termined by the FAA under paragraph 
(c)(2) of this section will replace the 
level identified in paragraph (a)(1) of 
this section. 

[Doc. No. FAA–2006–23730, 72 FR 28850, May 
23, 2007; Amdt. 158–4, 72 FR 31714, June 8, 2007] 

Subpart D—Reporting, 

Recordkeeping and Audits 

§ 158.61 General. 

This subpart contains the require-

ments for reporting, recordkeeping and 
auditing of accounts maintained by 
collecting carriers and by public agen-
cies. 

§ 158.63 Reporting requirements: Pub-

lic agency. 

(a) The public agency must provide 

quarterly reports to air carriers col-
lecting PFCs for the public agency 
with a copy to the appropriate FAA 
Airports Office. The quarterly report 
must include: 

(1) Actual PFC revenue received from 

collecting air carriers, interest earned, 
and project expenditures for the quar-
ter; 

(2) Cumulative actual PFC revenue 

received, interest earned, project ex-
penditures, and the amount committed 
for use on currently approved projects, 
including the quarter;