DOT - 49 CFR PART 639
CAPITAL LEASES
| Organization: | DOT |
| Publication Date: | 1 October 2014 |
| Status: | active |
| Page Count: | 4 |
scope:
This part applies to all requests for capital assistance under Chapter 53 of Title 49 of the United States Code where the proposed method of obtaining a capital asset is by lease rather than purchase or construction.
Purpose of this part.
This rule implements section 3003 of the Transportation Equity Act for the 21st Century (Pub. L. 105-178). Section 3003 amended section 5302 of Chapter 53 of Title 49 of the United States Code to allow a recipient to use capital funds to finance the leasing of facilities and equipment on the condition that the leasing arrangements are more cost effective than purchase or construction.
Document History