What if grant assuranc Study guides, Class notes & Summaries
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AAAE CM Exam Module 1 Finance and Administration Exam Questions and Answer
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What are grant assurances? - Answer- They require the recipients to maintain and operate their facilities safely, efficiently, and in accordance with specific conditions. (pg 57) Why does FAA use grant assurances? - Answer- Grant assurances are the most effective means of extending government policy to local government unit. (pg 58) How long are grant assurances in effect? - Answer- Continuing obligations for up to 20 years depending on useful life of facility, and other condition. (pg 58)...
