1. Short title This Act may be cited as the Banning Airport Redevelopment Act . 2. Release of restrictions, conditions, and limitations on the use, encumbrance, conveyance, and closure of the Banning Municipal Airport (a) In general The United States, acting through the Administrator of the Federal Aviation Administration, shall release the City of Banning, California, from all restrictions, conditions, and limitations on the use, encumbrance, conveyance, and closure of the Banning Municipal Airport, as described in the most recent airport layout plan approved by the Federal Aviation Administration, to the extent such restrictions, conditions, and limitations are enforceable by the Administrator. (b) Limitation The release under subsection (a) shall not be executed before the City of Banning, California, or its designee, transfers to the Department of Transportation of the State of California— (1) the amounts described in subsection (c), to be used for FAA-approved capital improvements within the meaning of airport development (as defined in section 47102(3) of title 49, United States Code) at other public use, general aviation airports serving the region