Code of Massachusetts Regulations
701 CMR - EXECUTIVE OFFICE OF TRANSPORTATION AND PUBLIC WORKS
Title 701 CMR 4.00 - The Massachusetts Intercity Bus Capital Assistance Program
Section 4.07 - Obligation of Applicants

Universal Citation: 701 MA Code of Regs 701.4

Current through Register 1531, September 27, 2024

In accepting a final award, an applicant assumes the following obligations:

(1) Lease Agreement. To enter into a seven-year lease agreement with the Commonwealth for the operation of the vehicle, and to meet all obligations pursuant to the lease.

(2) Service. To provide such service as specified in the lease agreement and to provide such documentary records as shall be required by the Secretary.

(3) Liability. To assume all liability for the operation of the vehicle and to hold the Commonwealth harmless for same.

(4) Maintenance. To maintain the vehicle in a manner to be prescribed by the Secretary and to provide such records and to submit to such inspections as the Secretary may require.

(5) Surrender of Vehicle - Failure to Perform Obligations. If, in the judgement of the Secretary, the applicant fails to perform the obligations specified in the lease, the applicant shall surrender the vehicle to the Executive Office within 30 days of such a finding.

(6) Surrender of Vehicle - Completion of Lease. The applicant shall surrender the vehicle to the Executive Office upon completion of the lease, understanding that the vehicle will be sold at public auction.

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