New Jersey Administrative Code
Subchapter 2 - GUIDELINES
Section 16:76-2.3 - Disposal of capital equipment

Universal Citation: NJ Admin Code 16:76-2.3

Current through Register Vol. 55, No. 48, December 18, 2023

(a) If capital assistance results in the replacement of carrier-owned equipment, the carrier shall remove the equipment from service.

(b) A carrier shall submit a request to NJ TRANSIT for the disposition of NJ TRANSIT equipment.

1. Disposition of NJ TRANSIT equipment cannot occur without prior written approval from NJ TRANSIT.

2. NJ TRANSIT may require the equipment to be returned to NJ TRANSIT for disposition.

3. If the item was originally purchased with FTA funds, the proceeds resulting from the sale of these items will revert to NJ TRANSIT for disposition in accordance with FTA regulations.

Adopted by 54 N.J.R. 90(b), effective 1/3/2022

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