[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: 14CFR151.63]



[Page 108]

 

                     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. 151.63  Grant payments: Semifinal and final.



    (a) Whenever airport development on a project is delayed or 

suspended for an appreciable period of time for reasons beyond the 

sponsor's control and the allowability of the project costs of all 

airport development completed has been determined on the basis of an 

audit and review of all costs, a semifinal grant payment may be made in 

an amount large enough to bring the aggregate amount of all partial 

grant payments for the project to the United States share of all 

allowable project costs incurred, even if the amount is more than the 90 

percent limitation prescribed in Sec. 151.61(b). However, it may not be 

more than the maximum obligation of the United States as stated in the 

grant agreement.

    (b) Whenever the project is completed in accordance with the grant 

agreement, the sponsor may apply for final payment. The final payment is 

made to the sponsor if--

    (1) A final inspection of all work at the airport site has been made 

jointly by the Area Manager and representatives of the sponsor and the 

contractor, unless the Area Manager agrees to a different procedure for 

final inspection.

    (2) A final audit of the project account has been completed by 

appropriate personnel of the FAA; and

    (3) The sponsor has furnished final ``as constructed'' plans, unless 

otherwise agreed to by the Administrator.

    (c) Based upon the final inspection, the final audit, the plans, and 

the documents and supporting information required by Sec. 151.57(a), 

the Administrator determines the total amount of the allowable project 

costs and pays the sponsor the United States' share, less the total 

amount of all prior payments.