Once a community has installed infrastructure to handle its stormwater, the next step is to manage the infrastructure in the best way possible to ensure the assets are kept in proper operational order, will last as long as possible, and are replaced when necessary. This type of management is called “Asset Management.” Asset Management represents a way of thinking about assets in a strategic way so that they are sustained over the long-term at the lowest overall life cycle cost while meeting the needs of the community. The Environmental Finance Center at the University of Maryland, in conjunction with the Southwest EFC, has created this two-page overview of asset management for stormwater.