About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

RCED-84-41 1 (1983-10-14)

handle is hein.gao/gaobabeha0001 and id is 1 raw text is:                            RIESTRICTED -  ~     
                           AccountirigCp -                          -



REPORT BY THE                            RELEASED



Comptroller General


OF THE UNITED STATES




Amtrak's Income Diversification Program:

Potential For Increased Earnings And

Reduced Federal Financial Support


In 1981, the Congress encouraged Amtrak to embark on an
income diversification program to more fully use its re-
sources through agreements with the private sector. The
objective was to increase Amtrak's revenues and minimize
its Federal subsidies.

GAO was requested to review the program and found that:

   --Amtrak is operating the program within the framework
   of the law, which gives it considerable flexibility.

   --To date, the program's scope has been limited pri-
   marily to the overhaul and assembly of passenger cars
   of mass transit systems, but potential exists for
   increased earnings.

   --It is too early to assess the potential overall effect the
   program might have on Amtrak's need for Federal sub-
   sidies.

GAO raises some matters for congressional consideration
that relate to the disposition of diversification program
profits and improved program reporting. GAO also makes a
recommendation to the President of Amtrak aimed at
improving program administration.





                                                            122672



 7 .           zGAO, RCED-84-41
                                                         OCTOBER 14, 1983

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most