Although not yet printed in the Federal Register (and thus not yet really official), the Federal Transit Administration has posted its new final rule on transit asset management to its website. I've got a fairly full analysis posted here, at http://planningletter.blogspot.com/p/fta-poised-to-issue-transit-asset.html.
One important feature of this rule is that any entity that distributes FTA funds to subrecipients will be required to sponsor a group asset management plan for its subrecipients. These mandatory sponsors will include state DOTs that administer Section 5311 rural transit grants (as well as Section 5307 grants to some smaller urbanized areas), but also will include MPOs or transit agencies that distribute or suballocate Section 5310 or 5307 funds to subrecipients in urbanized areas.
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