Overview

The Infrastructure Investment and Jobs Act (IIJA) amended the transit asset disposition provision in 49 U.S.C. § 5334(h)(4)(B).  Federal Transit Administration (FTA) implements this provision together with the disposition requirements in 2 CFR Part 200 through FTA Circular 5010.1F. Under these requirements, if federally assisted equipment or unused supplies are sold for $10,000 or less, the recipient may retain the full proceeds. If the sales proceeds exceed $10,000, the recipient may retain $5,000 plus its percentage of local share in the remaining proceeds, with the remaining Federal share returned to FTA.

Frequently Asked Questions