Q-U04. What grant obligations will an airport be required to meet by accepting a IIJA grant?
Standard Airport Sponsor Assurances, will apply to IIJA grants. The grant assurances apply for the useful life of the facilities developed or equipment acquired under the grant, except for exclusive rights, airport revenue, and civil rights, which are perpetual. There is no limit on the duration of the terms, conditions, and assurances with respect to real property acquired with IIJA funds.