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                            7.400           Scope of subpart.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart7.07.17.27.37.47.5
Section7.4007.4017.4027.4037.404
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7.400 Scope of subpart.7.400           Scope of subpart.       This subpart—(a)Implements section 555 of the FAA (Federal Aviation Administration) Reauthorization Act of 2018 (  Pub. L. 115-254);                                                   (b)Provides guidance when acquiring equipment and more than one method of acquisition is available for use; and                                                   (c)Applies to both the initial acquisition of equipment and the renewal or extension of existing equipment leases or rental agreements.    **Parent topic:**  Subpart 7.4 - Equipment Acquisition
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