TransLease Program
TransLease Program. This program is designed to supplement existing FTA projects with additional vehicles that can be leased and are eligible expenses under numerous Federal and State programs. Applicants are selected for one or more vehicles. Lease payments are based on a forty-eight month payment cycle, which reimburses the Translease Fund the cost of the vehicle. The vehicle title is then released to the lessee.
Type of Assistance: 5310 and 5311 agencies are provided vans utilizing an interest free loan that is repaid with installments amortized over the useful life of the vehicle.
Eligibility: 5310 and 5311 agencies and organizations that meet eligibility requirements for other FTA programs.
Amounts Available: $350,000 revolving account
Match Requirement: Not Applicable
Application Period: The TransLease program has year round availability as long as there are state contracts awarded and vehicles available. We appreciate your patience in these unprecedented times.
Application:
- Click here for pdf format of Translease application
- Click here for word document format of Translease application
Contact Information
All Agencies: Ms. April Washington
Program Manager
Email: [email protected]
Phone: (501) 569-2952 Work Cell: (501) 352-9584
State Transit Trust Fund
This Program distributes State funds from the rental tax on short-term rentals of vehicles. Funds are distributed to nonurban, urbanized, and human service organizations for operating and capital assistance. The Department of Transportation is a pass-through agency for these funds and receives approximately $4.6 million per year.
Contact Information
Latina Sisco
Public Transportation Section Head
Email: [email protected]
Phone: (501) 569-2471