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DOT/FTA RIN: 2132-AB34 Publication ID: Fall 2017 
Title: ●Capital Leases 
Abstract:

49 CFR part 639 contains the requirements to qualify for capital assistance when leasing facilities or equipment under Federal transit laws. Recently, in section 3002 of the Fixing America's Surface Transportation Act (Pub. L. 114-357), the underlying statute for this regulation was revised. The revision changed the definition of capital project so that a recipient is no longer required to conduct a cost-effectiveness analysis before leasing public transportation equipment or facilities with Federal funds. In addition, the statute exempts rolling stock procurements from the requirements of 49 CFR part 639. For this reason, FTA plans to issue a final rule to rescind these requirements.

 
Agency: Department of Transportation(DOT)  Priority: Info./Admin./Other 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: 49 CFR 639   
Legal Authority: Pub. L. 114-357   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Rule  01/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Chaya Koffman
Assistant Chief Counsel
Department of Transportation
Federal Transit Administration
1200 New Jersey Avenue, SE,
Washington, DC 20590
Phone:202 366-4011
Email: chaya.koffman@dot.gov