Grant Assurance 4 – Good Title

Grant Assurance 4 – Good Title is a requirement that the airport sponsor holds the title to the airport where the federally funded project will occur at. The FAA allows titles that include interest, title by quick-claim deed, or long term lease that is as long as the useful life of the project being funded. ^[1]Airport Improvement Program Assurances for Airport Sponsors. (2020, February). Retrieved January 20, 2021, from … Continue reading For a broad overview of the Grant Assurances, please read Grant Assurances.

It, a public agency or the Federal government, holds good title, satisfactory to the Secretary, to the landing area of the airport or site thereof, or will give assurance satisfactory to the Secretary that good title will be acquired.

For noise compatibility program projects to be carried out on the property of the sponsor, it holds good title satisfactory to the Secretary to that portion of the property upon which Federal funds will be expended or will give assurance to the Secretary that good title will be obtained.

Grant Assurance 4 – Good Title

Airport Sponsor Requirements

The Airport Sponsor must own the airport or lease it for the useful life of the project. If an Airport Sponsor has not received AIP funding for projects in the past, the sponsor may have to submit proof to the FAA of the Title.

To satisfy the requirements of Grant Assurance 4 – Good Title, the Airport Sponsor must own or lease the property. Failure to maintain the title for the useful life of the project could place the sponsor on the Airport Noncompliance List (ANL).

This is a summary of the Grant Assurance for basic understanding only. This is not legal advice. Seek legal counsel before entering into any agreement with the FAA for a Grant Assurance.