[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: 14CFR152.207]



[Page 136]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 152_AIRPORT AID PROGRAM--Table of Contents

 

                 Subpart C_Funding of Approved Projects

 

Sec. 152.207  Proceeds from disposition of land.



    Unless otherwise authorized by the Administrator, when a release has 

been granted authorizing the sponsor to dispose of land acquired with 

assistance under part 151 of this chapter or this part, or through 

conveyances under the Surplus Property Act, the proceeds realized from 

the disposal may not be used as matching funds for any airport 

development project or airport planning grant, but may be used for any 

other airport purpose.