2023-05284: Proposed Asset Disposition Guidance and Request for Comments
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The Federal Transit Administration (FTA) has placed in the docket, and on its website, proposed guidance intended to provide clarity on an asset disposition option under the National Defense Authorization Act (NDAA) for fiscal year 2022. Under the new provision, FTA may authorize the transfer of an asset acquired with Federal assistance, but no longer needed for the originally authorized purpose, to a local governmental authority, non- profit organization, or other third-party entity if certain statutory criteria are met.
The agency’s own summary, as published.
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