Can Low-No funds be used to pay the full cost of a multi-year lease for a battery upfront?
Yes. FTA permits a single lump sum payment at the inception of the lease rather than periodic payments during the life of the lease. Applicants requesting funds for a lump sum payment for a multi-year lease should discuss the strategy to ensure satisfactory continuing control of the battery in the application. Once the award is made, the recipient must contact their FTA Regional Office to verify the information in the application.