Section 625.15 - Elements of the National Transit Asset Management SystemThe National TAM System includes the following elements:
(a) The definition of state of good repair, which includes objective standards for measuring the condition of capital assets, in accordance with subpart D of this part;(b) Performance measures for capital assets and a requirement that a provider and a group TAM plan sponsor establish performance targets for improving the condition of capital assets, in accordance with subpart D of this part;(c) A requirement that a provider develop and carry out a TAM plan, in accordance with subpart C of this part,(d) Reporting requirements in accordance with subpart E of this part; and(e) Analytical processes and decision support tools developed or recommended by FTA.