FAM 1996-20
FINANCIAL ADMINISTRATION MEMORANDUM NO. 96 - 020 (II.G.6.)
To: Bureau Assistant Directors, Administration
Director, Office of Administrative Services
Bureau Finance Officers
Chief, Division of Fiscal Services
From: Acting Chief, Division of Financial Administration
Office of Financial Management
Subject: Lease Termination or Transfer Fees for Automobiles and
Other Personal Property
This Financial Administration Memorandum (FAM) is being issued in
response to several inquiries regarding the reimbursement of fees and
charges associated with the termination of personal property leases.
The increased popularity of car leases has prompted inquiries
regarding reimbursement for fees charged for lease termination, as
well as, lease transfer fees.
The attached Comptroller General Decision, B-266312, dated April 8,
1996, confirms our previous position that an automobile lease is
associated with the sale or purchase of personal property and may not
be reimbursed.
Please direct any questions you may have on this subject to Mr. Lesley
Oden on (202) 208-6225.
William E. Webber
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