AAA Basics of Grant Assurances

This presentation from the 41st Annual AAAE Airport Law Workshop covers the basics of Grant Assurances — the federal obligations airports must fulfill in exchange for receiving federal funding under the Airport Improvement Program (AIP). Grant Assurances are prescribed by federal statute (49 U.S.C. 47106 & 47107) and are incorporated into grant agreements, which include both general and special conditions. While not laws themselves, these assurances are binding contractual commitments that airport sponsors accept when they receive AIP funding.

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Presentation from the 41st Annual AAAE Airport Law Workshop covering the basics of grant assurances. The presentation explains that grant assurances are federal obligations in exchange for federal funding under the Airport Improvement Program (AIP), prescribed by statute but not laws themselves, and are annexed to grant agreements.

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