Long Term Asset Management Act

Long Term Asset Management Act

Summary

This Act encourages the state Department of Transportation to develop and implement long-term asset management strategies and programs for all transportation infrastructure assets. This Act also encourages the Department of Transportation to work in partnership with the private sector to achieve accountability, improve outcomes, and produce savings in an innovative, timely and cost efficient manner.

Model Policy

{Title, enacting clause, etc.}

Section 1. {Title}

This Act may be cited as the “Long Term Asset Management Act”

Section 2. {Definitions} The following definitions apply in this section:

(A) “Long term asset management strategies and programs:” programs or strategies of at least five (5) years duration that include maintenance and preservation activities for critical transportation infrastructure assets.

(B) “Critical transportation infrastructure assets within the right-of-way corridor:” shall include, but are not limited to, pavements, pavement markings, bridges and structures, guardrails/attenuators, signage, lighting and drainage.

(C) “Performance standards:” objectively measurable, outcome-based criteria which ensure the proper maintenance of transportation infrastructure assets within the right-of-way corridor and enhance asset preservation, safety, mobility, sustainability and accountability.

Section 3. {Requirements}

(A) The Department of Transportation is hereby required to develop and implement long term asset management strategies and programs for critical transportation infrastructure assets in the right-of-way corridor.  Such strategies and programs shall establish performance standards for each critical transportation infrastructure asset in the right-of-way corridor, as well as methods and procedures to measure performance for the purpose of ensuring consistent adherence to such performance standards. Additionally, the Department is encouraged to work in partnership with the private sector to responsibly increase the role of the private sector in asset management in order to achieve these goals in an innovative, timely and cost efficient manner.

Section 4. {Severability Clause}

Section 5. {Repealer Clause}

Section 6. {Effective Date}

 

Approved by the ALEC Board of Directors on October 13, 2011.

Keyword Tags: Commerce Insurance and Economic Development Task Force, Procurement