Sec. 125. Grant assurances
90 words·~1 min read·
/bill/114/hr/4441/ih/section-125·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 47107 is amended by adding at the end the following: The construction of a covered aircraft shall be treated as an aeronautical activity for purposes of— determining an airport’s compliance with a grant assurance made under this section or any other provision of law; and the receipt of Federal financial assistance for airport development. In this subsection, the term covered aircraft means an aircraft— used or intended to be used exclusively for recreational purposes; and constructed or under construction by a private individual at a general aviation airport. .