VDOT - Asset Management (language only)

Item 444 #9s

Language
Page 379, after line 17, insert:
“4.  The Department shall develop an asset management methodology for the review by the General Assembly in the 2007 Session.  As part of the methodology, the Department shall develop and include performance targets to monitor and evaluate the effectiveness of maintenance activities.  The methodology shall, in accordance with generally accepted engineering principles and business practices, identify and prioritize statewide and district maintenance and operations needs.  These needs include, but are not limited to, pavement, structures and bridges, pipes and drainage, roadside operations and statewide programs such as snow removal and equipment replacement.  The Commonwealth Transportation Board shall review the proposed methodology before submission to the General Assembly.  The Department shall report to the General Assembly by December 31, 2006 on progress made and future plans to incorporate principles of asset management into its maintenance and operations practices.
5.  Prior to adoption, the Department shall develop and submit to the General Assembly a six-year maintenance and operations program no later than July 1, 2007, to provide greater transparency, predictability and equity of funding, and stability of investment over time.  This program shall equitably distribute maintenance funds to districts based on objectively identified needs, define the base needs for each district and include future adjustments based on additional funding in district budgets to address differences in need across them.  The Commonwealth Transportation Board shall review and approve the six-year maintenance and operations program and the annual updates."

Explanation
(This amendment is based on a START Task Force recommendation, and directs VDOT to develop an asset management methodology to be used in preparing a six-year maintenance and operations program. Both the methodology and 6-Year maintenance and operations program would be submitted for review to the General Assembly prior to adoption.)