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§ 151.113
Advance planning proposals: Sponsor eligibility.
The sponsor of an advance planning and engineering proposal must be a public agency, as defined in § 151.37(a), and must be legally, financially, and otherwise able to—
(a) Make the certifications, representations, and warranties required in the advance planning proposal, FAA Form 3731;
(b) Enter into and perform the advance planning agreement;
(c) Provide enough funds to pay all estimated proposal costs not borne by the United States; and
(d) Meet any other applicable requirements of the Federal Airport Act and this subpart.