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7.400 Scope of subpart.

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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.