The following table reflects State aid for development of public-use airports:
|Type of Improvement||Available Grant||Grant Guaranty||Percentage||Payback Period|
|Airfield lighting||90%||10 years||90%||10 years|
|Fueling facilities||||||100%||10 years|
|Easements and in-fee operating equipment:||90%||20 years||90%||20 years|
|Fire, snow removal, mowing, etc.||90%||10 years||90%||10 years|
|New||90%||15 years||90%||15 years|
|Overlays||90%||10 years||90%||10 years|
(a) Interest on loans provided by DOT will be 1 percent above the prime commercial rate at the time loan agreement is executed.
(b) Loan and grant obligation of the airport owner may be secured by a lien or mortgage on the improvement or existing property.