North Carolina Statutes

§ 63-68 — Limitations on State financial aid

North Carolina·Ch. 63 Aeronautics·Art. 7 State and Federal Aid; Authority of Department of Transportation

Grants and loans of funds authorized by this Article shall be subject to the following conditions and limitations:

(1)Loans and grants may be for such projects, activities, or facilities as would in general be eligible for approval by the Federal Aviation Administration or its successor agency or agencies with the exception that the requirement that the airport be publicly owned shall not be applicable. Further, airport terminal and security areas, seaplane bases, and heliports are also eligible for State financial aid.
(2)Loans and grants of State funds shall be limited to a maximum of fifty percent (50%) of the nonfederal share of the total cost of any project for which aid is requested, and shall be made only for the purpose of supplementing such other funds, public or private, as may

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