N.J. Admin. Code § 16:56-3.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 16:56-3.4 - Airport acquisition grants

(a) Publicly owned airports, counties, municipalities, and political subdivisions of the State may apply for an airport acquisition grant for the acquisition of airports or lands, rights in land and easements, including aviation easements necessary for clear zones or clear areas.

(b) The airport to be acquired or for which the proposed acquisition will be made shall be owned, controlled, or operated, or to be owned, controlled, or operated by a municipality, county, or other political subdivision of the State.

(c) The acquired property or interest in property shall not be sold or used for any non-aviation purpose without the prior written approval of the Commissioner, and may be subject to contractual limitations or conditions established within the acquisition grant agreement.

(d) A grant for an airport acquisition shall not exceed 95 percent of the total acquisition cost, and the recipient's share shall not be less than five percent of the total acquisition cost.

N.J. Admin. Code § 16:56-3.4

Recodified from N.J.A.C. 16:56-2.3 and amended by R.2014 d.055, effective 4/7/2014.
See: 45 N.J.R. 2191(a), 46 N.J.R. 638(a).
In (a), substituted a comma for "and" following "counties", inserted ", and political subdivisions of the State", and deleted "to obtain financial assistance" following "grant"; in (b), substituted "shall" for "must", and inserted a comma following "controlled" and following "county"; and rewrote (d). Former N.J.A.C. 16:56-3.4, Offer, recodified to N.J.A.C. 16:56-4.4.