What is an FTA Circular?
What is an FTA Circular?
What is an FTA circular? FTA circulars provide instructions to grantees or other stakeholders on how FTA grants will be administered. This guidance provides grantees with direction on program specific issues and statutory requirements. Must FTA provide opportunities for comment on circulars?
What is FTA compliance?
The Federal Transit Administration (FTA) oversees safety measures and provides financial and technical assistance to local public transit systems, including buses, subways, light rail, commuter rail, trolleys, and ferries. Employers are expected to maintain compliance with FTA guidelines.
What is a tam plan?
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)
What is transit asset Management?
Transit asset management (TAM) is a business model that prioritizes funding based on condition and performance to achieve and maintain a state of good repair (SGR) for the nation’s public transportation assets.
What are FTA requirements?
Requirements. FTA monitors grants and federally funded projects to confirm that grantees establish and follow federally mandated procedures, such as: Demonstrating legal, financial, and technical capacity to carry out programs and projects.
What is state of good repair?
The APTA SGR Standards Committee has developed a simple and straightforward definition of a state of good repair: “SGR is a condition in which assets are fit for the purpose for which they were intended.” The benefit of a simple definition is that it is easier for an agency and its stakeholders (internal and external) …
What replaced OMB Circular A 133?
On December 26, 2013, OMB Circular A-133 was superseded by the issuance of 2 CFR part 200, subpart F. Among other things, those changes increased the audit threshold to $750,000 for auditee fiscal years beginning on or after December 26, 2014 and made changes to the major program determination process.
What is the purpose of an OMB Circular?
PURPOSE: OMB Circulars and Bulletins are major tools used by the Executive Office of the President to exercise managerial and policy direction over Federal agencies. Circulars and Bulletins generally promote government effectiveness by providing uniform guidance to agencies.
How do I get an FTA Certificate?
First, we need to go Trade Development Authority of Pakistan`s office to collect required form (certificate of origin form) along with IT Performa, After Getting FTA form fill this form completely and collect below required documents. Documents Required for FTA Certificate: Original Bill of Lading (B/L)
Why do we need FTA?
While the specifics of each FTA vary, they generally provide for the reduction of trade barriers and the creation of a more predictable and transparent trading and investment environment. This makes it easier and cheaper for U.S. companies to export their products and services to trading partner markets.
Are there any new circulars for the FTA?
We are in the process of preparing new interim program guidance and new and updated circulars under MAP-21. Please continue to consult our existing circulars, which will remain a resource for program guidance in most areas.
What is the FTA Award management requirements circular 5010.1e?
.” The FTA Award Management Requirements Circular (FTA Circular 5010.1E) is intended to assist recipients in administering FTA-funded projects and in meeting award responsibilities and reporting requirements.
What kind of guidance does the FTA issue?
FTA issues guidance, often in the form of circulars, to provide grantees with direction on program specific issues and statutory requirements. We are in the process of preparing new interim program guidance and new and updated circulars under MAP-21.
When does the New FTA capital lease circular come out?
Changes to the Capital Leases section. The updated circular replaces the most recent version of the FTA Circular 5010.1E, effective July 21, 2017.