Grant payments: General.

CFR · 2024-01-01 · US · Title 14

(a) An application for a grant payment is made on a form and in a manner prescribed by the Administrator, and must be accompanied by any supporting information, that the FAA needs to determine the allowability of any costs for which payment is requested. (b) (1) Letter of credit; (2) Advance by Treasury check; or (3) Reimbursement by Treasury checks. (c) (1) There is or will be a continuing relationship between a sponsor or planning agency and the FAA for at least a 12-month period and the total amount of advances to be received within that period is $120,000 or more; (2) The sponsor or planning agency has established or demonstrated to the FAA the willingness and ability to establish procedures that will minimize the time elapsing between the transfer of funds and their disbursement by the grantee; and (3) The sponsor's or planning agency's financial management system meets the standards for fund control (d) (1) The sponsor or planning agency meets the requirements of paragraphs (c) (2) and (3) of this section; (2) The timing and amount of cash advances are as close as administratively feasible to actual disbursements by the sponsor or planning agency; and (3) Except as provided in paragraph (e) of this section, in the case of an airport development project, advance payments do not exceed the estimated project costs of the airport development expected to be accomplished within 30 days after the date of the sponsor's application for the advance payment. (e) No advance payment

official document · source cfr-2024 · id 14:§ 152.209