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PLRD-82-18 1 (1981-12-11)

handle is hein.gao/gaobabcsk0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES





GSA's Federal Buildings Fund

'Fails To Meet Primary Objectives





The Federal Buildings Fund was established
in 1972 to finance the General Services
Administration's acquisition and operations
of Government owned and leased buildings.

lTo date, the Fund has not accomplished the
two primary objectives used as a basis for
its establishment. It has not generated suf-
ficient revenues for construction because
it has experienced a cash flow problem
pince its inception. Concerning the second
objective, there is no evidence of appreciable
improvement in space usage because tenant
agencies have to budget and pay for the space
they occupy.
GAO is recommending changes to improve
Fund operations and to facilitate accomplish-
ment of the Fund's objectives.



                                                        III /l   I   1111/11 111/


                                                            117046






                                                               PLRD-82-18

                             0DECEMBOR 11, 1981

                          67 - ij,/

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