Current through Register Vol. 48, No. 12, March 22, 2024
a) Real estate loan applications will be
prioritized using the same federal and State criteria used to establish the
annual Airport Improvement Program. This criteria includes guidance found in
Federal Aviation Administration Order 5100.39 A (August 22, 2000). Categories
used to evaluate and prioritize the loan applications include but are not
limited to the following:
1)
safety/security;
2) regulatory
requirement (lighting, marking, visual guidance systems, etc.);
3) reconstruction/rehabilitation
(preservation, repairs, restoration of airside service area);
4) environmental (part 150 noise,
EIS);
5) planning;
6) capacity; and
7) FAA design standards.
b) Application submittal periods are as
follows:
1) the first working day in January
through the last working day in March;
2) the first working day in April through the
last working day in June;
3) the
first working day in July through the last working day in September;
and
4) the first working day in
October through the last working day in December.
A) Applications will be held until the end of
the period in which they are received and will not be acted on until that
period is over. This provision will avoid confusion associated with a
first-in-time/first-in-right approval method. All timely submitted loan
applications will be evaluated and prioritized solely on the criteria set forth
in subsection (a).
B) The Division
will review the application and notify the Owner in writing of the status of
the application within 30 calendar days after the end of each period. The
notification will inform the Owner of approval or of the need for additional
information necessary for loan approval. The Owner will have 30 calendar days
after receipt of written notification from the Division to provide additional
information. If the Owner fails to satisfy the Division's request for
additional information, the application will be held until the next period
unless the Owner or airport does not comply with the conditions set forth in
Section
15.30.
c) If appropriated
funds are exhausted, then applications made during that period will be held for
one year or until monies become available, whichever is sooner. Such
applications will be given the same priority as other applications submitted
during the period in which monies become available.
