Subpart A General Provisions
Subpart B National Transit Asset Management System
Subpart C Transit Asset Management Plans
Subpart D Performance Management
Subpart E Recordkeeping and Reporting Requirements for Transit Asset Management
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Terms Used In 49 CFR Part 625 - Transit Asset Management

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.