ASSET MANAGEMENT PLANS

All borrowers are required to develop an Asset Management Plan ("AMP") which categorizes and prioritizes system assets and lays out a financial plan describing the methods, scheduling and financing of the strategic upkeep and replacement of such assets.

Certain borrowers that receive funding must have in place, or commit to develop, a Fiscal Sustainability (Asset Management) Plan ("FSP") for each project component and provide the program with a technical (engineering) and financial certification outlining the long-term maintenance and replacement plan for the project's components.