COST REIMBURSEMENT FOR PROJECTS COMMENCED PRIOR TO GRANT AWARD.

SEC. 144. COST REIMBURSEMENT FOR PROJECTS COMMENCED PRIOR TO GRANT AWARD. (a) Cost Reimbursement.— Section 47110(b)(2)(C) is amended to read as follows: “(C) if the Government’s share is paid only with amounts apportioned under paragraphs (1) and (2) of section 47114(c) of this title and if the cost is incurred— “(i) after September 30, 1996; “(ii) before a grant agreement is executed for the project; and “(iii) in accordance with an airport layout plan approved by the Secretary and with all statutory and administrative requirements that would have been applicable to the project if the project had been carried out after the grant agreement had been executed;”. (b) Use of Discretionary Funds.— Section 47110 is amended by adding at the end the following: “(g) Use of Discretionary Funds.—A project for which cost reimbursement is provided under subsection (b)(2)(C) shall not receive priority consideration with respect to the use of discretionary funds made available under section 47115 of this title even if the amounts made available under paragraphs (1) and (2) of section 47114(c) are not sufficient to cover the Government’s share of the cost of project”.