; and (ii) analysis of lifecycle planning and costs; and (B) is updated on an annual basis; (2) require the Transit Authority to improve the transit asset management planning process through the use of— (A) asset inventory and condition assessment procedures; and (B) a comprehensive database of track, guideway, and infrastructure systems, including tunnels, bridges, and communications assets, that complies with the transit asset management regulations of the Secretary under part 625 of title 49, Code of Federal Regulations (or any successor regulation); and (3) require the Transit Authority to develop— (A) performance measures to assess the effectiveness of capital project investments made through the capital planning process, including the process as a whole as well as individual project investments; and (B) measures to gauge performance towards outcomes that meet the strategic goals of the Transit Authority and demonstrate responsible investment of taxpayer dollars. (b) Annual report As a condition of receiving amounts under section 602(c) of the Passenger Rail Investment and Improvement Act of 2008 (division B of Public Law 110–432 ; 122 Stat. 4968), as added by section 4, the Transit Authority shall submit an annual report detailing the Transit Authority’s program of capital projects under subsection (a) and compliance with the transit asset management regulations of the Secretary under part 625 of title 49, Code of Federal Regulations (or any successor regulation), to— (1) each covered recipient; (2) the Committee on Appropriations of the Senate; (3) the Committee on Appropriations of the House of Representatives