What does fta stands for

what does fta stands for

Free-to-air (free television) FTA: Federal Transit Administration (US government) FTA. 25 rows · Looking for the definition of FTA? Find out what is the full meaning of FTA on.

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Discuss these FTA abbreviations with the community: 1 Comment. Notify me of new comments via email. Prabhaharan Daniel. Like Reply Report 4 years ago. Cancel Report. Create a new account. Log In. Know what is FTA? Got another good explanation for FTA? Don't keep it to yourself! Add it HERE! Still can't find the acronym definition you were looking for?

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FTA: Federation of Tax Administrators (IRS) FTA: Forum on Tax Administration (various. 26 rows · FTA Stands For: All acronyms () Airports & Locations (3) Business & Finance (15) . 12 rows · FTA. Federal Transit Administration + 5 variants. Government, Metropolitan Transit Authorities.

Official websites use. Share sensitive information only on official, secure websites. The questions included on this page are the top 12 most frequently asked that address the requirements for complying with the Transit Asset Management TAM rule as set forth in 49 CFR part The TAM rule applies to all recipients of Chapter 53 funds that either own, operate, or manage capital assets used in providing public transportation services.

An example of public transportation service to a segment of the general public is service for all senior citizens or all persons with disabilities in a particular town or county. However, if you are providing a courtesy shuttle service for patrons of a specific establishment with a senior citizen clientele, then your service is not considered to be public transportation. Similarly, if you provide service that requires membership in an organization such as a church or club, then, your service is not considered to be public transportation.

Transit providers must complete several key actions to comply with the TAM rule, including developing a TAM plan and submitting two reports to the NTD annually: a data report and a narrative report. More detailed descriptions of each requirement will follow in the FAQ.

Develop TAM plan. All transit agencies that own, operate, or manage capital assets used in the provision of public transportation and receive federal financial assistance under 49 U. Chapter 53 either as recipients or subrecipients must develop a TAM plan. A TAM plan is a tool that will aid transit providers in:.

TAM plans must include at a minimum an asset inventory, condition assessments of inventoried assets, and a prioritized list of investments to improve the state of good repair of their capital assets. You must develop an inventory of your assets, and you must report the data and other information required to the NTD asset inventory module report annually.

Conduct and report facility condition assessments. You must then renew the process of conducting condition assessments. Set Performance Targets. You must set targets annually for the performance of your assets and submit those targets to the NTD as part of your annual data submission. Each asset category has its own performance measure by which to set targets:. Submit narrative report to the NTD. If an agency experiences a significant unexpected change that cannot be addressed with a simple amendment to the existing TAM plan, a full TAM plan update revision is required.

For example, asset damage from a hurricane, approval of a local tax for transit, or other changes to the TAM planning context would require a full update, whereas a new Accountable Executive might not.

Agency TAM plans should establish thresholds for significant change based on their assets and policies, in order to ensure consistency in how updates occur and how often.

There is no specific signature requirement for the TAM plan, although documented approval by the Accountable Executive is required. Agencies may determine the best way to present this documentation. Part to improve public transportation safety by guiding transit agencies to more effectively and proactively manage safety risks in their systems. It requires certain recipients and sub-recipients of FTA grants that operate public transportation to develop and implement safety plans that establish processes and procedures to support the implementation of Safety Management Systems SMS.

Part , a transit agency should consider the results of its condition assessments while performing safety risk management and safety assurance activities. There are four categories of capital assets that must be included in a TAM asset inventory: facilities, equipment, rolling stock, and infrastructure.

Your TAM plan must include an inventory of all the capital assets in each of the categories that you own, operate, or manage. In those instances where capital assets are shared among multiple transportation agencies, the agencies must determine, collectively, which of them is responsible for conducting the condition assessment of that asset, even though all of those agencies will be responsible for including that asset in their own asset inventories and in reporting data on that asset to the NTD.

The annual condition assessment report refers to the updated condition assessment information that is part of your TAM plan, which should be made available to your State and MPO, once per year as appropriate. The TAM final rule requires you to assess all assets for which you have direct capital responsibility, including those that are owned by someone else but for which you have at least partial direct capital responsibility.

You must consider the financial obligations you have to the condition of the asset. You must assess the condition of the assets listed in your asset inventory for which you have direct capital responsibility. NOTE: Performing minimal preventive maintenance work on an asset, like cleaning, does not in itself indicate that you have direct capital responsibility for the asset. An infrastructure asset itemized as capital line item in budget does not necessarily mean you have direct capital responsibility; you must also have management or oversight responsibilities for that line item project.

Any other aspects of your approval process are considered a local decision. However, in consultation with the State DOTs and transit providers, they may choose to revise or maintain their performance targets when they update their TIPs or MTPs regardless of the frequency of those updates. However, best practices would encourage consultation and communication with State DOTs and transit providers to ensure alignment of targets.

The contents of this document do not have the force and effect of law and are not meant to bind the public in any way. This document is intended only to provide clarity to the public regarding existing requirements under the law or agency policies. Home Regulations and Programs Asset Management. Who must comply with the TAM rule? How do transit providers comply with the TAM rule?

What level of change requires a complete TAM plan update? How does TAM plan compliance impact the allocation of federal funds? What assets must I include in a TAM asset inventory? How do I know if I have direct capital responsibility for a facility?

Can FTA provide guidance on the process? The rule applies to you The rule does NOT apply to you If you own an FTA-funded capital asset used in providing public transportation services, then you must comply with the TAM rule, even if you do not operate or manage that asset. If you do not receive Chapter 53 funds and you have never received Chapter 53 funds, then the TAM rule does not apply to you. If you manage or operate an FTA-funded capital asset used in providing public transportation services, then you must comply with the TAM rule, regardless of who owns that asset.

If you receive FTA funds, but do not use those funds for public transportation services, then the TAM rule does not apply to you e. A TAM plan is a tool that will aid transit providers in: Assessing the current condition of its capital assets Determining what the condition and performance of its assets should be if they are not already in a state of good repair Identifying the unacceptable risks, including safety risks, in continuing to use an asset that is not in a state of good repair Deciding how to best balance and prioritize reasonably anticipated funds revenues from all sources towards improving asset condition and achieving a sufficient level of performance within those means TAM plans must include at a minimum an asset inventory, condition assessments of inventoried assets, and a prioritized list of investments to improve the state of good repair of their capital assets.

You have direct capital responsibility You do NOT have direct capital responsibility You own the asset You do not own the asset AND you are not responsible for replacing, overhauling, refurbishing, or conducting major repairs on that asset, or the costs of those activities are not itemized as a capital line item in your budget.

You jointly own the asset with another entity You are responsible for replacing, overhauling, refurbishing, or conducting major repairs on that asset, or the costs of those activities are itemized as a capital line item in your budget. If you own an FTA-funded capital asset used in providing public transportation services, then you must comply with the TAM rule, even if you do not operate or manage that asset. Passenger stations Parking facilities Administrative buildings Exclusive use maintenance facilities.

Bus shelters Shared maintenance facilities. You do not own the asset AND you are not responsible for replacing, overhauling, refurbishing, or conducting major repairs on that asset, or the costs of those activities are not itemized as a capital line item in your budget. You are responsible for replacing, overhauling, refurbishing, or conducting major repairs on that asset, or the costs of those activities are itemized as a capital line item in your budget.

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