Code of Federal Regulations

Title 14 - Aeronautics and Space
Volume: 3Date: 2022-01-01Original Date: 2022-01-01Title: Section 151.23 - Procedures: Application; funding information.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 B - Rules and Procedures for Airport Development Projects.
§ 151.23 Procedures: Application; funding information. Each sponsor must state in its application that it has on hand, or show that it can obtain as needed, funds to pay all estimated costs of the proposed project that are not borne by the United States or by another sponsor. If any of the funds are to be furnished to a sponsor, or used to pay project costs on behalf of a sponsor, by a State agency or any other public agency that is not a sponsor of the project, that agency may, instead of the sponsor, submit evidence that the funds will be provided if the project is approved. [Doc. No. 1329, 27 FR 12351, Dec. 13, 1962, as amended by Amdt. 151-34, 34 FR 12883, Aug. 8, 1969]