Fact Sheet: Transit Asset Management
BIPARTISAN INFRASTRUCTURE LAW FACT SHEET
TRANSIT ASSET MANAGEMENT
Program Purpose:
The Bipartisan Infrastructure Law, enacted as the Infrastructure Investment and Jobs Act (IIJA), continues, without change, FTA’s Transit Asset Management (TAM) program. The TAM program enables transit agencies to implement strategic approaches to monitoring, maintaining, and replacing transit assets. FTA’s TAM rule (49 CFR Part 625) requires transit agencies to develop a compliant TAM plan, set performance targets for capital assets, create data and narrative reports on performance measures, and coordinate with their planning partners.
Statutory References:
49 U.S.C. § 5326
Covered Recipients:
Any recipient or subrecipient that owns, operates, or manages capital assets used for providing public transportation.
What’s Changed?
The Bipartisan Infrastructure Law continues the TAM program without change. However, the law requires the consideration of TAM plan elements in two other FTA programs:
- Fixed Guideway Capital Investment Grants (Section 5309): Adds a requirement for the Secretary to determine that a project sponsor has made progress toward meeting the transit asset management performance targets required by 49 U.S.C. 5326(c)(2).
- State of Good Repair Grants (Section 5337): Adds a requirement for the Secretary to consider whether an applicant has identified rail vehicle replacements as a priority in the recipient’s TAM.