Code of Federal Regulations

Title 14 - Aeronautics and Space
Volume: 3Date: 2022-01-01Original Date: 2022-01-01Title: Section 151.123 - Procedures: Offer; amendment; acceptance; advance planning agreement.Context: Title 14 - Aeronautics and Space. CHAPTER I - FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED). SUBCHAPTER I - AIRPORTS. PART 151 - FEDERAL AID TO AIRPORTS. Subpart D - Rules and Procedures for Advance Planning and Engineering Proposals.
§ 151.123 Procedures: Offer; amendment; acceptance; advance planning agreement. (a) The procedures and requirements of § 151.29 also apply to approved advance planning proposals. FAA's offer and the sponsor's acceptance constitute an advance planning grant agreement between the sponsor and the United States. The United States does not pay any of the advance planning costs incurred before the advance planning grant agreement is executed. (b) No grant is made unless the sponsor intends to begin airport development within three years after the date of sponsor's written acceptance of a grant offer. The sponsor's intention must be evidenced by an appropriate written statement in the proposal.