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: Agencies are provided vans utilizing an interest free loan that is repaid with installments amortized over the useful life of the vehicle.
Eligibility: Agencies and organizations that meet eligibility requirements for other FTA programs.
Amounts Available: $350,000 revolving account
Match Requirement: Not Applicable
Application Period: Open. The state of Arkansas and the Department’s vehicle bids schedule is approximately from August to June each year. Vehicles can be ordered based on available chassis. Click here to view additional information on the TransLease program.
Application:
• Click here for Word format.
• Click here for Adobe Acrobat format.
Contact Information
Greg Nation
Public Transportation Administrator
Email: Greg.Nation@ardot.gov
Phone: (501) 569-2474
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
Greg Nation
Public Transportation Administrator
Email: Greg.Nation@ardot.gov
Phone: (501) 569-2474