Rule/Notice/NOFO: Notice of availability of proposed guidance relating to an asset disposition option for FTA recipients under the National Defense Authorization Act for fiscal year 2022
Federal Register/Notice: govinfo.gov
Type of Requirement: Request for Information
Description: 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 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.
How is it enforced by FTA, DOT, Direct grant requirement, triennial review or other? FTA enforces this provision through its triennial review program.
Is there a cost or time impact to grantees (best estimate): TBD
APTA Comment/Letter: TBD
APTA Staff Advisor: TBD