Thread: AFG guidance

  1. #1
    MembersZone Subscriber

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    Default AFG guidance

    We are applying for a quint (gotta please the politicians) We know that we have a slim to none chance.....better chance of winning the lottery.

    Is it possible to sign a lease for a truck and use the AFG to fund a lease buyout? If the AFG doesn't come through we would either continue the lease or in the fall go for a bond issue to pay for the buyout?

    We don't want the year to two to get the AFG or sell bonds for a truck, we have already been without for a year and half due to age/disfunction (1982 eone telesquirt)

  2. #2
    FH Mag/.com Contributor

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    Default

    Nope. AFG funds cannot be used for any leases or purchases made prior to the grant award announcement. Also AFG funds can't be use to funds leases at all either. All equipment must be purchased.

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