133. The program shall be divided into annual phases. It shall set out, per period, the object, amount and mode of financing of the capital expenditures that the transit authority plans to incur or make and the financing period of which exceeds 12 months.
The program shall also mention the capital expenditures the transit authority plans to make beyond the period covered by the program, if the expenditures result from commitments made during that period.
The program shall contain an asset maintenance plan that includes actions designed to foster the longevity of the assets and provide for the level of investments required for their maintenance.
2001, c. 23, s. 133; 2016, c. 8, s. 1011.