§ 625.41 - Standards for measuring the condition of capital assets.

Latest Version
Updated Versions
- Saturday, October 1, 2016
- Friday, January 1, 2016
Related Notices
- 2016-16883. Final rule. 2016-16883. Transit Asset Management; National Transit Database
- 2015-24491. Notice of proposed rulemaking (NPRM); request for comments. 2015-24491. Transit Asset Management; National Transit Database

Latest version.

§ 625.41 Standards for measuring the condition of capital assets.

A capital asset is in a state of good repair if it meets the following objective standards -

(a) The capital asset is able to perform its designed function;

(b) The use of the asset in its current condition does not pose an identified unacceptable safety risk; and

(c) The life-cycle investment needs of the asset have been met or recovered, including all scheduled maintenance, rehabilitation, and replacements.

                    
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§ 625.41 - Standards for measuring the condition of capital assets.

§ 625.41 Standards for measuring the condition of capital assets.