Which agency must approve Passenger Facility Charges annually?

The Federal Aviation Administration (FAA) is responsible for the annual approval of Passenger Facility Charges (PFCs). PFCs are fees collected by airports on airline tickets to fund airport improvement projects. The FAA ensures that these charges comply with federal regulations and that the funds are allocated for eligible projects that enhance safety, security, and capacity of the airport facilities.

This oversight helps maintain a standard of accountability and transparency in how airports manage and utilize these funds. By requiring annual approval, the FAA can monitor changes in airport infrastructure needs and ensure that the fees correspond with the projects being proposed. This is vital for maintaining safety and efficiency in the nation’s airport system, influencing both local and national transportation infrastructure.

Other agencies and entities listed in the options might have roles in the airport operations and funding processes, but the FAA's specific mandate is to review and approve these charges to ensure they align with federal aviation policy and regulations.