Following inspection and audit of costs allowable under terms of the Airport Improvement Program codified at 49 U.S.C. §§ 47101-47144, as amended, funds shall be payable upon application by the municipality at the times designated by the Secretary, but in no case shall the total amount of State funds granted to a municipality under provisions of this section exceed the amount approved by the Secretary under section 694 of this title.
5 V.S.A. § 696