Mich. Admin. Code R. 259.802 – Loan eligibility and priorities. | Midpage
Rule 259.802
Mich. Admin. Code R. 259.802
Loan eligibility and priorities.
(By authority conferred on the aeronautics commission by section 3 of Act No. 107 of the Public Acts of 1969, as amended, and Executive Reorganization Order No. 1973-1, as amended, being SS259.253 and 247.821 of the Michigan Compiled Laws)Aeronautics Commission
(1) A publicly owned airport listed in the current state airport system plan or a community which does not have a publicly owned airport but is listed in the current state airport system plan shall be eligible for state loan funds.
(2) State loan funds shall be allocated according to a priority system so as to maximize effectiveness.
(3) Project funding shall be based on the following priorities:
(a) A project at a non-air carrier airport which upgrades an airport to minimum requirements, as described in the fundamental development items, shall have first priority.
(b) A project at a non-air carrier airport involving items not defined as fundamental development items shall have second priority.
(c) A project at an air carrier airport shall have third priority.