19A NCAC 06C .0123      SPONSOR CERTIFICATION OF LOCAL MATCHING FUNDS

Allocations of State Aid to Airports funds shall be made only for current projects which can get underway without delay.  Sponsors requesting funds shall have the local matching funds in their approved budget or be able to approve the funds on an immediate basis.  Upon arrival of a State Aid to Airports allocation and its placement in the TIP, the sponsor shall have no less than 60 calendar days to certify the availability of the local share of funds for the project.  Failure to certify funds availability on a timely basis may result in the cancellation of the allocation by the Department.

 

History Note:        Authority G.S. 63‑66; 63‑68;

Eff. November 1, 1991;

Amended Eff. December 1, 1993.