All airport development funds appropriated by the legislature for any fiscal year or carried forward from any fiscal year, and not encumbered by specific intergovernmental agreements approved by the commission, shall be available to supplement existing grant or loan agreements to meet unforeseen costs. The executive director or his or her designee not below the director may authorize supplemental grants or loans to cover costs not exceeding 25% of the total grant contract or loan approved by the commission or $100,000, whichever is greater.

Source Note: The provisions of this §30.211 adopted to be effective September 27, 1990, 15 TexReg 5366; transferred effective September 1, 1993, as published in the Texas Register August 27, 1993, 18 TexReg 5768; amended to be effective May 24, 1995, 20 TexReg 3575.