[Code of Federal Regulations]

[Title 14, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR151.29]



[Page 96-97]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 151_FEDERAL AID TO AIRPORTS--Table of Contents

 

     Subpart B_Rules and Procedures for Airport Development Projects

 

Sec. 151.29  Procedures: Offer, amendment, and acceptance.



    (a) Upon approving a project, the Administrator makes an offer to 

the sponsor to pay the United States share of the allowable project 

costs. The offer states a definite amount as the maximum obligation of 

the United States, and is subject to change or withdrawal by the 

Administrator, in his discretion, at any time before it is accepted.

    (b) If, before the sponsor accepts the offer, it is determined that 

the maximum obligation of the United States stated in the offer is not 

enough to pay the United States share of the allowable project costs, 

the sponsor may request an increase in the amount in the offer, through 

the Area Manager.

    (c) An official of the sponsor must accept the offer for the sponsor 

within the time prescribed in the offer, and in the required number of 

counterparts, by signing it in the space provided. The signing official 

must have been authorized to sign the acceptance by a resolution or 

ordinance adopted by the sponsor's governing body. The resolution or 

ordinance must, as appropriate under the local law--

    (1) Set forth the terms of the offer at length; or

    (2) Have a copy of the offer attached to the resolution or ordinance 

and incorporated into it by reference.



The sponsor must attach a certified copy of the resolution to each 

executed



[[Page 97]]



copy of an accepted offer or grant agreement that it is required to send 

to the Area Manager.