§158.87. Loss of Federal airport grant funds.
14 C.F.R. § 158.87
If the Administrator determines that revenue derived from a PFC is excessive or is not being used as approved, the Administrator may reduce the amount of funds otherwise payable to the public agency under 49 U.S.C. 47114. Such a reduction may be made as a corrective action under § 158.83 or § 158.85 of this part.
The amount of the reduction under paragraph (a) of this section shall equal the excess collected, or the amount not used in accordance with this part.
A reduction under paragraph (a) of this section shall not constitute a withholding of approval of a grant application or the payment of funds under an approved grant within the meaning of 49 U.S.C. 47111(d).
Notes, amendments, and revision history
Amendments
[Docket 26385, 56 FR 24278, May 29, 1991, as amended by Amdt. 158-2, 65 FR 34543, May 30, 2000]
Authority
Authority: 49 U.S.C. 106(g), 40116-40117, 47106, 47111, 47114-47116, 47524, 47526.
Source
Source: Docket 26385, 56 FR 24278, May 29, 1991, unless otherwise noted.
Amendments
[Docket 26385, 56 FR 24278, May 29, 1991, as amended by Amdt. 158-2, 65 FR 34543, May 30, 2000]