Code of Federal Regulations (Last Updated: November 8, 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 |
§ 625.33 - Investment prioritization.
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§ 625.33 Investment prioritization.
(a) A TAM plan must include an investment prioritization that identifies a provider's programs and projects to improve or manage over the TAM plan horizon period the state of good repair of capital assets for which the provider has direct capital responsibility.
(b) A provider must rank projects to improve or manage the state of good repair of capital assets in order of priority and anticipated project year.
(c) A provider's project rankings must be consistent with its TAM policy and strategies.
(d) When developing an investment prioritization, a provider must give due consideration to those state of good repair projects to improve that pose an identified unacceptable safety risk when developing its investment prioritization.
(e) When developing an investment prioritization, a provider must take into consideration its estimation of funding levels from all available sources that it reasonably expects will be available in each fiscal year during the TAM plan horizon period.
(f) When developing its investment prioritization, a provider must take into consideration requirements under 49 CFR 37.161 and 37.163 concerning maintenance of accessible features and the requirements under 49 CFR 37.43 concerning alteration of transportation facilities.