Federal Acquisition Regulation
Scope of subpart
FAR 7.400
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.
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