10 U.S.C. § 3675 — Capital lease or lease-purchase treated as an acquisition
submitted 5 years ago by Pub. L. 116-283 to r/title-10-ARMED-FORCES · 113 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If a lease or charter covered by this chapter is a capital lease or a lease-purchase—
the lease or charter shall be treated as an acquisition* and shall be subject to all applicable statutory and regulatory requirements for the acquisition of aircraft, naval vessels, or combat vehicles; and
funds appropriated to the Department of Defense for operation and maintenance may not be obligated or expended for the lease or charter.
In this section, the terms “capital lease” and “lease-purchase” have the meanings given those terms in Appendix B to Office of Management and Budget Circular A–11, as in effect on January 6, 2006.
Source credit: (Added and amended Pub. L. 116–283, div. A, title XVIII, § 1825(a), (g), Jan. 1, 2021, 134 Stat. 4206, 4208.)
- 2021Enacted · Pub. L. 116-283 · 134 Stat. 4206, 4208
A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-283 on 2021-01-01.
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