Louisiana Revised Statutes 2:902 – Grant eligibility
Terms Used In Louisiana Revised Statutes 2:902
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
A. Grants made through the program shall be limited to Louisiana general aviation and reliever airports and shall be awarded to those projects which address maintenance needs and attempt to enhance safety issues at existing airport facilities.
B. Each successful grant applicant shall provide a like match in funds from other sources. All matching funds must be available to the program after the date of the grant award and funds spent prior to the grant award shall not be considered in fulfillment of the match requirement.
C.(1) Except as provided in Paragraph (2) of this Subsection, grants shall be limited to not more than ten thousand dollars per airport per fiscal year.
(2) Applications for additional grant money by an airport that has been awarded the maximum amount in a fiscal year may be considered for additional funding after April thirtieth of a fiscal year if all of the applications for grants which have been submitted for the fiscal year have been accepted or rejected and any funds in the grant program remain unallocated for the fiscal year.
D. Funding through the grant program shall be subject to but not limited to the following criteria:
(1) The availability of funds.
(2) A comparative needs analysis of requested projects as determined by the division of aviation.
(3) Demonstrated benefits to be derived from the project.
Acts 1998, 1st Ex. Sess., No. 145, §1; Acts 2001, No. 76, §1.