Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 49 - Transportation |
Subtitle B - Other Regulations Relating to Transportation |
Chapter VI - Federal Transit Administration, Department of Transportation |
Part 625 - Transit Asset Management |
Subpart C - Transit Asset Management Plans |
§ 625.29 - Transit asset management plan: horizon period, amendments, and updates.
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§ 625.29 Transit asset management plan: horizon period, amendments, and updates.
(a) Horizon period. A TAM plan must cover a horizon period of at least four (4) years.
(b) Amendments. A provider may update its TAM plan at any time during the TAM plan horizon period. A provider should amend its TAM plan whenever there is a significant change to the asset inventory, condition assessments, or investment prioritization that the provider did not reasonably anticipate during the development of the TAM plan.
(c) Updates. A provider must update its entire TAM plan at least once every four (4) years. A provider's TAM plan update should coincide with the planning cycle for the relevant Transportation Improvement Program or Statewide Transportation Improvement Program.