49 C.F.R. § 639.3 Purpose of this part.
Title 49 - Transportation
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. [63 FR 68367, Dec. 10, 1998]
Title 49: Transportation
PART 639—CAPITAL LEASES
Subpart A—General
§ 639.3 Purpose of this part.
