FTA Seeks OMB Approval to Extend National Transit Asset Management (TAM) System Reporting Requirements
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Federal Transit Administration (FTA) has published a notice under the Paperwork Reduction Act of 1995 announcing its intent to seek Office of Management and Budget (OMB) approval to extend — without any changes — the existing information collection associated with the National Transit Asset Management (TAM) System. The TAM System requires transit agencies that receive federal funding to develop and maintain asset management plans covering their capital assets, including vehicles, equipment, and infrastructure. These plans must document the current condition of assets, set performance targets, and outline investment priorities to bring assets into a state of good repair. By requesting an extension rather than a revision, the FTA signals that the existing data collection framework and burden estimates remain appropriate and that no substantive modifications to reporting requirements are being proposed at this time. Transit agencies and the public are typically afforded a comment period during which they can weigh in on the necessity, accuracy, and burden of the information collection before OMB makes its determination.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- No substantive changes proposed — this is a straight extension of the existing TAM information collection
- FTA is requesting OMB approval to continue collecting TAM System data under the same terms as the current authorization
- Transit agencies receiving federal funds must continue submitting TAM plans documenting asset condition, performance targets, and investment priorities
+ 3 more changes with Pro
Obligations
What this law requires
Transit agencies receiving federal funding must develop and maintain asset management plans covering capital assets including vehicles, equipment, and infrastructure
Asset management plans must document the current condition of all covered capital assets
Asset management plans must set performance targets for capital assets
Asset management plans must outline investment priorities to bring assets into a state of good repair
Transit agencies and the public must be afforded an opportunity to comment on the TAM System information collection during the designated comment period