Associated Capital Maintenance Items

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Q. "Associated capital maintenance items"—How is this defined and where can I find the definition?

A. The term "Associated Capital Maintenance Items" is defined in 49 US Code Section 5307(a)(1) as:

  1. "equipment, tires, tubes, and material, each costing at least .5 percent of the current fair market value of rolling stock comparable to the rolling stock for which the equipment, tires, tubes, and material are to be used; and
  2. reconstruction of equipment and material, each of which after reconstruction will have a fair market value of at least .5 percent of the current fair market value of rolling stock comparable to the rolling stock for which the equipment and material will be used."

The US Code may be found at: http://uscode.house.gov/search/criteria.shtml  (Revised: May 2010)

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