Elements of the National Transit Asset Management System.

The 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.