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CED-80-107 1 (1980-07-31)

handle is hein.gao/gaobabavh0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES





Examination Of United States

Railway Association's Financial

Statements, Fiscal Year 1979



The United States Railway Association moni-
tors and provides financing for Conrail, which
operates railroads in the Midwest and North-
east.

Because Conrail's future is uncertain, GAO
questions whether the Government's invest-
ment will be repaid. This circumstance, and the
material effect that Conrail securities have on
USRA's assets and income, make it impossi-
ble for GAO to render an opinion on USRA's
fiscal year 1979 financial statements.




















                                                         CED-80-107
   1Ccni  '                                            JULY 31,1980

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