49 C.F.R. § 625.41

Current through September 30, 2024

Section 625.41 - Standards for measuring the condition of capital assets

A capital asset is in a state of good repair if it meets the following objective standards-

(a) The capital asset is able to perform its designed function;

(b) The use of the asset in its current condition does not pose an identified unacceptable safety risk; and

(c) The life-cycle investment needs of the asset have been met or recovered, including all scheduled maintenance, rehabilitation, and replacements.

49 C.F.R. §625.41

81 FR 48962, 10/1/2016