SECTION 31.51. Asset Management

(a) Purpose. Title 49 U.S.C. §5326 authorizes the Secretary of the U.S. DOT to establish and implement a national transit asset management system. Recipients and subrecipients must develop transit asset management plans and report to the Secretary annually.

(b) Affected agencies. Subrecipients of federal transit assistance through the department must comply with 49 U.S.C. §5326.

(c) Department role. The department acts as the designated recipient of multiple Federal Transit Act programs. As the administering agency the department will:

(1) provide guidance to agencies requesting assistance with the development of a transit asset management plan;

(2) certify subrecipient compliance with 49 U.S.C. §5326 requirements;

(3) provide the Federal Transit Administration (FTA) with an annual report that includes at a minimum:

(A) overall condition of transit assets;

(B) changes since the last report;

(C) performance measures; and

(D) progress in meeting performance measure targets.

(d) Subrecipient responsibilities.

(1) Subrecipients shall develop a transit asset management plan that covers rolling stock, equipment, infrastructure, and facilities leased or owned by the agency. At a minimum, the plan must include:

(A) capital asset inventories;

(B) condition assessments;

(C) decision support tools; and

(D) investment prioritization.

(2) Subrecipients shall provide the department the data needed to comply with §31.48(b)(5)(B) of this chapter (relating to Project Oversight).

(3) After the U.S. DOT Secretary establishes a definition for the term "state of good repair" (SOGR), agencies must set performance targets to attain SOGR status. The department will assist subrecipients to establish performance targets that may vary by the subrecipient's FTA funding program.

Source Note: The provisions of this §31.51 adopted to be effective November 21, 2013, 38 TexReg 8253