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 §151.61(b). However, it may not be more
than the maximum obligation of the United States as stated in the grant
(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 §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.