Md. Code Regs. 11.03.08.05

Current through Register Vol. 51, No. 22, November 1, 2024

Section 11.03.08.05 - Table A

The following table reflects State aid for development of public-use airports:

			Available Loans
Type of Improvement	Available Grant	Grant Guaranty	Percentage	Payback Period
(a)	(b)	(c)	(d)	(e)
Airfield lighting	90%	10 years	90%	10 years
Fueling facilities	-	-	100%	10 years
Hangars	-	-	100%	10 years
Land acquisition:
Easements and in-fee operating equipment:	90%	20 years	90%	20 years
Fire, snow removal, mowing, etc.	90%	10 years	90%	10 years
Pavement:
New	90%	15 years	90%	15 years
Overlays	90%	10 years	90%	10 years

Notes:

(a) Interest on loans provided by DOT will be 1 percent above the prime commercial rate at the time loan agreement is executed.

(b) Loan and grant obligation of the airport owner may be secured by a lien or mortgage on the improvement or existing property.

Md. Code Regs. 11.03.08.05

Regulation .05 amended effective February 4, 1991 (18:2 Md. R. 150); December 10, 2001 (28:24 Md. R. 2129)