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Code · U.S. Code · Title 10 - ARMED FORCES · CHAPTER 257— CONTRACTS FOR LONG-TERM LEASE OR CHARTER OF VESSELS, AIRCRAFT, AND COMBAT VEHICLES · § 3675

Aa

§ 3675. Capital lease or lease-purchase treated as an acquisition

361 words·~2 min read·/usc/title-10/section-3675

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(a)In General.— If a lease or charter covered by this chapter is a capital lease or a lease-purchase—

(1)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

(2)funds appropriated to the Department of Defense for operation and maintenance may not be obligated or expended for the lease or charter.

(b)Definitions.— 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.

(Added and amended Pub. L. 116–283, div. A, title XVIII, § 1825(a), (g), Jan. 1, 2021, 134 Stat. 4206, 4208.)

Connections5 cite this · traces to 3

Cited by 5 sections

public-private-law

Public Law 116-283
William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021

U.S. Code

statute-compilations

Sec. 1825
CONTRACTS FOR LONG-TERM LEASE OR CHARTER OF VESSELS, AIRCRAFT, AND COMBAT VEHICLES

statutes-at-large

Public Law 116–283
To authorize appropriations for fiscal year 2021 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes

Traces to 3 documents

public-private-law

William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021
Public Law 116-283

U.S. Code

5 references not yet in our index

134 Stat. 4206
Pub. L. 109–163, div. A, title VIII, § 815(c)(2)
119 Stat. 3382
Pub. L. 111–84, div. A, title X, § 1073(a)(24)
123 Stat. 2473

Citation graph

cites case law

§ 3675

Capital lease or lease-purchase treated as an acquisition

U.S.C.×2

Pub. L.×1

Stat. Comp.×1

Stat.×1

Pub. L.Public Law 116-283

Stat.134 Stat. 4206

Pub. L.Pub. L. 109–163, div. A, title VIII, § 815(c)(2)

Stat.119 Stat. 3382

Pub. L.Pub. L. 111–84, div. A, title X, § 1073(a)(24)

Stat.123 Stat. 2473

Cites 8Cited by 5 across 4 sources