To be eligible to apply for an individual or joint project for development with respect to a particular airport a sponsor must—
Be a public agency, which includes for the purposes of this part only, a State, the District of Columbia, Puerto Rico, the Virgin Islands, Guam or an agency of any of them; a municipality or other political subdivision; a tax-supported organization; or the United States or an agency thereof;
Be legally, financially, and otherwise able to—
Make the certifications, representations, and warranties in the application form prescribed in § 151.67(a);
Make, keep, and perform the assurances, agreements, and covenants in that form; and
Meet the other applicable requirements of the Federal Airport Act and subparts B and C;
Have, or be able to obtain, enough funds to meet the requirements of § 151.23; and
Have, or be able to obtain, property interests that meet the requirements of § 151.25(a).
Is located in Puerto Rico, the Virgin Islands, or Guam;
Is in or is in close proximity to a national park, a national recreation area, or a national monument; or
Is in a national forest or a special reservation for United States purposes.
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