§ 70302. — Grant authority.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 49USC70302]
TITLE 49--TRANSPORTATION
SUBTITLE IX--COMMERCIAL SPACE TRANSPORTATION
CHAPTER 703--SPACE TRANSPORTATION INFRASTRUCTURE MATCHING GRANTS
Sec. 70302. Grant authority
(a) General Authority.--To ensure the resiliency of the space
transportation infrastructure of the United States, the Secretary of
Transportation may make project grants to sponsors as provided in this
chapter.
(b) Limitations.--The Secretary may make a project grant under this
chapter only if--
(1) at least 10 percent of the total cost of the project will be
paid by the private sector; and
(2) the grant will not be for more than 50 percent of the total
cost of the project.
(Pub. L. 103-272, Sec. 1(e), July 5, 1994, 108 Stat. 1343.)
Historical and Revision Notes
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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70302(a).............................. 15:5804(b) (1st sentence). Nov. 4, 1992, Pub. L. 102-588, Sec.
505(b) (1st sentence), (f), 106 Stat.
5125, 5127.
70302(b).............................. 15:5804(f).
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In subsection (a), the words ``of the United States'' are
substituted for ``Nation's'' for consistency.
