Acquisition Assistance [Transportation] Law and Legal Definition

According to 49 CFR 268.1 [Title 49 – Transportation; Subtitle B Other Regulations Relating To Transportation; Chapter Ii Federal Railroad Administration, Department Of Transportation; Part 268 Magnetic Levitation Transportation Technology Deployment Program; Subpart A – Overview], acquisition assistance means "funds granted to a State under section 5(f)(2) of the Department of Transportation Act (49 U.S.C. 1654(f)(2)) to cover the cost of acquiring by purchase, lease, or in such other manner as the State considers appropriate, a line of railroad or other rail properties, or any interest therein for existing or future rail freight service."