A Transit Asset Management (TAM) Plan is a business model that uses the condition of assets to guide the optimal prioritization of funding at transit agencies in order to keep transit systems in a State of Good Repair (SGR). Every agency must develop a TAM plan, including SGR performance targets, if it owns, operates, or manages capital assets used to provide public transportation and receives federal financial assistance under 49 USC Chapter 53 as a recipient or subrecipient. Each agency has their own individual plan due to the differences in services provided and replacement needs, and Northwest Arkansas Regional Planning Commission (NWARPC), as Metropolitan Planning Organization (MPO), is required to set performance targets, per 23 CFR § 450.306, which must be established 180 days after the transit agency established their performance targets. Agencies are required to update their TAM plan in its entirety at least once every four years.

In 2018, NWARPC sponsored the initial TAM plans for the region, which includes both Ozark Regional Transit (ORT) and Razorback Transit. After the TAM plans were completed in the summer of 2018, the RPC/Policy Committee approved Resolution #2018-12 to adopt the MPO sponsored TAM Plan and establish one region-wide State of Good Repair (SGR) performance targets for each transit asset type for public transit providers in Northwest Arkansas.

On March 23, 2022, the RPC/Policy Committee approved Resolution #2022-04 to support Ozark Regional Transit (ORT)’s updated  Transit Asset Management (TAM) Plan State of Good Repair (SGR) Performance Targets.

On October 26, 2022, the RPC/Policy Committee approved Resolution #2022-15 to support Razorback Transit’s updated 2022-2026 Transit Asset Management (TAM) Plan State of Good Repair (SGR) Performance Targets.