Federal Aviation Administration, DOT Section 152.205 which the notice of opportunity for a hearing was published. (d) The notice required by paragraph (c) of this section must - (1) Be published not less than 15 days before the date set for the hearing; (2) Specify the date, time, and place of the hearings; (3) Contain a concise description of the proposed project; and (4) Indicate where and at what time more detailed information may be obtained. (e) If a public hearing is held, the sponsor must - (1) Provide the Administrator a summary of the issues raised, the alternatives considered, the conclusion reached, and the reasons for that conclusion; and (2) If requested by the Administrator before the hearing, prepare a verbatim transcript of the hearing for submission to the Administrator. (f) If a hearing is not held the sponsor must submit with its preapplication a certification that notice of opportunity for a hearing has been provided in accordance with this section and that no request for a public hearing has been received. SOURCE: Docket No. 19430, 45 FR 34789, May 22, 1980, unless otherwise noted. Section 152.203 Allowable project costs. (a) Airport development. To be an allowable project cost, for the purposes of computing the amount of an airport development grant, an item that is paid or incurred must, in the opinion of the Administrator - (1) Have been necessary to accomplish airport development in conformity with - (i) The approved plans and specifications for an approved project; and (ii) The terms of the grant agreement for the project; (2) Be reasonable in amount (subject to partial disallowance to the extent the Administrator determines it is unreasonable); (3) Have been incurred after the date the grant agreement was executed, except that project formulation costs may be allowed even though they were incurred before that date; (4) Be supported by satisfactory evidence; (5) Have not been included in an airport planning grant; and (6) Be a cost determined in accordance with the cost principles for State and local governments in Federal Management Circular 74-4 (39 FR 27133; 43 FR 50977). (b) Airport Planning. To be an allowable project cost, for the purposes of computing the amount of an airport planning grant, an item that is paid or incurred must, in the opinion of the Administrator - (1) Have been necessary to accomplish airport planning in comformity with an approved project and the terms of the grant agreement for the project; (2) Be reasonable in amount; (3) Have been incurred after the date the grant agreement was entered into, except for substantiated and reasonable costs incurred in designing the study effort; (4) Be supported by satisfactory evidence; and (5) Be figured in accordance with Federal Management Circular 74-4 (39 FR 27133; 43 FR 50977). Section 152.201 Applicability. This subpart contains the requirements for funding projects for airport development, airport master planning, and airport system planning. Section 152.205 United States share of project costs. (a) Airport development. Except as provided in paragraphs (b) and (c) of this section, the following is the United [Doc. No. 19430, 45 FR 34784, May 22, 1980, as amended by Amdt. 152-11, 45 FR 56622, Aug. 25, 1980] Section 152.119 Contract requirements and procurement standards. To the extent applicable, all grant agreements, contracts, and subcontracts involving airport development projects or airport planning must be in accordance with the contract requirements in appendices A and C, as applicable, and the procurement standards in Attachment O of Office of Management and Budget Circular A-102 (42 FR 45828). Subpart C - Funding of Approved Projects 721 VerDate Sep<11>2014 08:20 May 17, 2019 Jkt 247048 PO 00000 Frm 00731 Fmt 8010 Sfmt 8010 Y:\SGML\247048.XXX 247048