Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 14 - Aeronautics and Space |
Chapter II - Office of the Secretary, Department of Transportation (Aviation Proceedings) |
SubChapter B - Procedural Regulations |
Part 331 - [Reserved] |
Subpart C - Set-Aside for Operators or Providers at Certain Airports |
§ 331.35 - What is the basis upon which operators or providers will be reimbursed through the set-aside under this subpart?
Latest version.
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Operators or providers eligible under this subpart will be reimbursed pursuant to the same procedures set forth in subpart B of this part. If total losses for all eligible claims at the three airports set forth in § 331.31 of this part are less than $5 million, then such claims will be paid in full. If the total losses for all eligible claims at the three airports set forth in § 331.31 of this part exceed $5 million, then the total losses will be divided on a pro rata basis, and a proportionate amount for each claim will be distributed to applicants.