This final rule requires public transportation providers to develop and implement transit asset management (TAM) plans. TAM plans must include an asset inventory, condition assessments of inventoried assets, and a prioritized list of investments to improve the state of good repair of their capital assets.

Transcript of Q&A from FTA's webinars on the Transit Asset Managment Notice of Proposed Rulemaking (NPRM), October 19, 27 and 29, 2015.