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The Transit Asset Management (TAM) Program is a systematic process for operating, maintaining, and improving public transportation capital assets effectively through the life cycle of those assets. The TAM Plan provides an explanation of how the program is managed at VTA. It provides a deep dive into overall asset management strategy, and specifics about useful life assumptions, asset rehabilitation and renewal. It also contains a prioritized set of priorities and investments to maintain VTA’s assets in a State of Good Repair. As such, the TAM Plan serves as a foundational element of the SCIP. The Federal Transit Administration (FTA) requires updating of the TAM Plan every four years.