Transit Asset Management Guidelines
As a recipient of Federal Transit Administration (FTA) funds, the Texas Department of Transportation (TxDOT), Public Transportation Division (PTN) is responsible for usage oversight, this includes monitoring Subrecipients that purchase real property, rolling stock, and equipment when TxDOT is the Direct Recipient. Additionally, if the funds do not pass through TxDOT (TxDOT is not the direct recipient), it is the direct recipient’s responsibility to establish oversight of those assets with FTA.
As part of TxDOT PTN’s obligation to FTA, oversight includes asset inventory, maintenance schedule reviews (facility, equipment, and vehicle), bi-annual asset inspections, annual insurance checks, and asset disposition. The following items are monitored to ensure each asset purchased with taxpayer funds is used within its original purpose, used in a manner that prevents early disposition, and used in a method allowable under Federal and State guidelines.
This page provides the basic overview of defining assets and the terms necessary to comply with Federal and State regulations.
This page provides a basic equipment management overview in accordance with applicable Federal and State guidelines; as well as the Transit Asset Management (TAM) plan.
This page provides the basic overview of asset disposition and transfer in accordance with Federal and State regulations.