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DOT/FTA | RIN: 2132-AB34 | Publication ID: Spring 2018 |
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 (Public Law 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. |
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Agency: Department of Transportation(DOT) | Priority: Info./Admin./Other |
RIN Status: Previously 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 |
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Timetable:
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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 |