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CED-76-161 1 (1976-11-15)

handle is hein.gao/gaobaaccs0001 and id is 1 raw text is: 












C)




                  REPORT OF THE

                  COMPTROLLER GENERAL

                  OF THE UNITED STATES


                                                                       LM101772




                 Improved. Controls Needed Over

                 Federal Financial Assistance

                 To Railroads

                 Federal Railroad Administration

                 L'epartment of Transportation

                 United States Railway Association

                 From January 1971 to March 1976, about
                 $826 million in Federal assistance was pro-
                 vided to railroads primarily in response to
                 crises. The Federal Railroad Administration
                 was responsible for monitoring the financial
                 aspects of four of five assistance programs in
                 operation.
                 The Railroad Administration's program mon-
                 itoring did not provide sufficient information
                 to adequately assess how the railroads used
                 total available funds or to insure that inter-
                 nally generated funds were uwed to the fullest
                 extent possible to continue rail service.

                 GAO offers recommendations to the Secre-
                 tary of Transportation and the Chairman of
                 the United States Railway Association for
                 improving administrative controls over future
                 financial assistance programs.



                 CED-76-161                            NOV. 15,1 9 76

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