About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

GGD-84-50 1 (1984-04-11)

handle is hein.gao/gaobabemw0001 and id is 1 raw text is: REPORT BY THE U.S. General Accounting Office Financial Problems/ . Ae Joha+-*ennedy- Center For Tf6e Performing Arts Need To Be Addressed GAO reviewed certain aspects of the Kennedy Center's financial operations to assess the Center's ability to meet its operating costs and bond indebtedness. GAO's review found that the Kennedy Center remains unable to pay the deferred but growing interest on its revenue bonds issued to the U.S. Treasury, has been un- able to set aside funds to repay the bond prin- cipal, and pays less than its full portion of operating costs shared with the National Park Service. While the magnitude of these issues will grow unless addressed, any solution must consider the interrelationship between the Center's ability to pay its bond indebtedness and operating costs and its ability to fulfill its performing arts and public service responsibilities. A working group, consisting of officials of the Treasury, the Office of Management and Budget, and the Kennedy Center, has developed a proposal for addressing the Center's financial problems. 174 (AO/GGD-84-50 1 APRIL 11, 1984 ..G,1 -7

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:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most