National Academies Press: OpenBook
« Previous: Background and Resources
Page 5
Suggested Citation:"Overview." National Academies of Sciences, Engineering, and Medicine. 2018. Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements. Washington, DC: The National Academies Press. doi: 10.17226/25127.
×
Page 5
Page 6
Suggested Citation:"Overview." National Academies of Sciences, Engineering, and Medicine. 2018. Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements. Washington, DC: The National Academies Press. doi: 10.17226/25127.
×
Page 6
Page 7
Suggested Citation:"Overview." National Academies of Sciences, Engineering, and Medicine. 2018. Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements. Washington, DC: The National Academies Press. doi: 10.17226/25127.
×
Page 7
Page 8
Suggested Citation:"Overview." National Academies of Sciences, Engineering, and Medicine. 2018. Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements. Washington, DC: The National Academies Press. doi: 10.17226/25127.
×
Page 8

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Overview 4

Overview of Grant Assurance Requirements • What are Grant Assurances? o Requirements for Airport Sponsors incorporated in AIP Grant Agreements o 39 numbered Grant Assurances • Two broad categories of requirements • Requirements for general operation, management and finance of airports (General Requirements) • Requirements applicable to planning and implementing AIP funded projects (Project Specific Requirements) • Grant Assurance 1, General Federal Requirements includes statutes, Executive Orders and regulations in both categories 5

How long do the requirements last? • Most Assurances, useful life of project, maximum 20 years • Some Assurances, as long as the airport is operating (identified in individual Grant Assurance summaries) Generally  Applicable • Most requirements, until project is completed • Some requirements must be completed before grant is issued Project  Specific 6

What are the Consequences for Non‐ compliance? • Withholding of future grants • Withholding of payments on existing grants Generally  Applicable • Treble damages (reimbursing airport 3 times the amount of diverted revenue) • Withholding of new PFC approvals • Withholding of other DOT grant funds GA 25 Airport  Revenues • Withdrawal of grant offer • Refusal of payments • Sponsor reimbursement of prior payments Project Specific 7

Next: Grant Assurance 1 General Federal Requirements »
Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

TRB's Airport Cooperative Research Program (ACRP) Web-Only Document 44: Understanding FAA Grant Assurance Obligations Volume 4: Summary of AIP Grant Assurance Requirements contains a PowerPoint presentation summarizing the research conducted to develop a guidebook on Understanding FAA Airport Improvement Program (AIP) Grant Assurance Requirements. The results of this research include the Guidebook itself (Volume 1), Technical Appendices (Volume 2), which provides supplemental information on the requirements.

Accompanying this volume, ACRP has released:

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  6. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  7. ×

    View our suggested citation for this chapter.

    « Back Next »
  8. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!