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3-53-0026-014-2018
<br />b.) For the construction or use of, or access to, space on, over, or under real property
<br />acquired or improved under the applicable activity, project, or program.
<br />f. It will provide for such methods of administration for the program as are found by the
<br />Secretary to give reasonable guarantee that it, other recipients, sub -recipients, sub -grantees,
<br />contractors, subcontractors, consultants, transferees, successors in interest, and other
<br />participants of Federal financial assistance under such program will comply with all
<br />requirements imposed or pursuant to the acts, the regulations, and this assurance.
<br />g. It agrees that the United States has a right to seek judicial enforcement with regard to any
<br />matter arising under the acts, the regulations, and this assurance.
<br />31. Disposal of Land.
<br />a. For land purchased under a grant for airport noise compatibility purposes, including land
<br />serving as a noise buffer, it will dispose of the land, when the land is no longer needed for such
<br />purposes, at fair market value, at the earliest practicable time. That portion of the proceeds of
<br />such disposition which is proportionate to the United States' share of acquisition of such land
<br />will be, at the discretion of the Secretary, (1) reinvested in another project at the airport, or (2)
<br />transferred to another eligible airport as prescribed by the Secretary. The Secretary shall give
<br />preference to the following, in descending order, (1) reinvestment in an approved noise
<br />compatibility project, (2) reinvestment in an approved project that is eligible for grant funding
<br />under Section 47117(e) of title 49 United States Code, (3) reinvestment in an approved airport
<br />development project that is eligible for grant funding under Sections 47114, 47115, or 47117
<br />of title 49 United States Code, (4) transferred to an eligible sponsor of another public airport
<br />to be reinvested in an approved noise compatibility project at that airport, and (5) paid to the
<br />Secretary for deposit in the Airport and Airway Trust Fund. If land acquired under a grant for
<br />noise compatibility purposes is leased at fair market value and consistent with noise buffering
<br />purposes, the lease will not be considered a disposal of the land. Revenues derived from such
<br />a lease may be used for an approved airport development project that would otherwise be
<br />eligible for grant funding or any permitted use of airport revenue.
<br />b. For land purchased under a grant for airport development purposes (other than noise
<br />compatibility), it will, when the land is no longer needed for airport purposes, dispose of such
<br />land at fair market value or make available to the Secretary an amount equal to the United
<br />States' proportionate share of the fair market value of the land. That portion of the proceeds
<br />of such disposition which is proportionate to the United States' share of the cost of acquisition
<br />of such land will, (1) upon application to the Secretary, be reinvested or transferred to another
<br />eligible airport as prescribed by the Secretary. The Secretary shall give preference to the
<br />following, in descending order: (1) reinvestment in an approved noise compatibility project, (2)
<br />reinvestment in an approved project that is eligible for grant funding under Section 47117(e)
<br />of title 49 United States Code, (3) reinvestment in an approved airport development project
<br />that is eligible for grant funding under Sections 47114, 47115, or 47117 of title 49 United
<br />States Code, (4) transferred to an eligible sponsor of another public airport to be reinvested in
<br />an approved noise compatibility project at that airport, and (5) paid to the Secretary for
<br />deposit in the Airport and Airway Trust Fund.
<br />c. Land shall be considered to be needed for airport purposes under this assurance if (1) it may
<br />be needed for aeronautical purposes (including runway protection zones) or serve as noise
<br />buffer land, and (2) the revenue from interim uses of such land contributes to the financial
<br />self-sufficiency of the airport. Further, land purchased with a grant received by an airport
<br />operator or owner before December 31, 1987, will be considered to be needed for airport
<br />purposes if the Secretary or Federal agency making such grant before December 31, 1987, was
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<br />March, 2014
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