§625.41. Standards for measuring the condition of capital assets.

49 C.F.R. § 625.41

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.

Notes, amendments, and revision history

Authority: Sec. 20019 of Pub. L. 112-141, 126 Stat. 707, 49 U.S.C. 5326; Sec. 20025(a) of Pub. L. 112-141, 126 Stat, 718, 49 CFR 1.91.

Source: 81 FR 48962, July 26, 2016, unless otherwise noted.