49 C.F.R. § 639.11 Lease qualification requirements.
Title 49 - Transportation
(a) A lease may qualify for capital assistance if it meets the following criteria: (1) The capital asset to be acquired by lease is otherwise eligible for capital assistance; (2) There is or will be no existing Federal interest in the capital asset as of the date the lease will take effect unless as determined pursuant to §639.13(b); and (3) Lease of the capital asset is more cost-effective than purchase or construction of the asset, as determined under subpart C of this part. (b) Once a lease has been qualified for capital assistance, it need not be re-qualified absent an affirmative act or omission by the recipient that vitiates the cost-effectiveness determination.
Title 49: Transportation
PART 639—CAPITAL LEASES
Subpart B—Requirements
§ 639.11 Lease qualification requirements.
