FAA Modernization and Reform Act of 2012 – Title I: Authorizations – Subtitle A: Funding of FAA Programs – (Sec. 101) Authorizes appropriations to the Secretary of Transportation (DOT) out of the Airport and Airway Trust Fund for FY2012-FY2015 for: (1) airport planning and development and noise compatibility planning programs, (2) Federal Aviation Administration (FAA)