Circular Re: Cross-Border Leasing Guidelines (Volume UMTA C 7020.1)
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1990-04-26
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Abstract:This circular sets forth the Urban Mass Transportation Administration's (UMTA) Cross-border Leasing Guidelines to provide grantees with current guidance on UMTA's treatment of these transactions. Since cross-border leases involve substantial expense and delicate timing, it is also the purpose of this circular to provide clear guidance as to how UMTA will make its case-by-case decisions whether to approve a particular lease.
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