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121284 1 (1982-09-22)

handle is hein.gao/gaobactad0001 and id is 1 raw text is: 



     UNITED STATES GENERAL ACCOUNTING OFFICE

             WASHINGTON, D.C.  20548


                                FOR RELEASE ON DELIVERY
                                EXPECTED AT 9:00 A.M.
                                SEPTEMBER 22, 1982


                  TESTIMONY OF

               CHARLES A. BOWSHER

               COMPTROLLER GENERAL
                                                  121284
              OF THE UNITED STATES

                   BEFORE THE

      SUBCOMMITTEE ON ECONOMIC DEVELOPMENT

  COMMITTEE ON PUBLIC WORKS AND TRANSPORTATION

            HOUSE OF REPRESENTATIVES

                       ON

                    H.R. 6591

THE FEDERAL CAPITAL INVESTMENT BUDGET ACT OF 1982


Mr. Chairman and Members of the Committee:

     I am very pleased to appear before you today to discuss

planning and budgeting for capital investments.  The Federal

Capital Investment Budget Act of 1982, H.R. 6591, is designed  to

provide better information on the public capital  infrastructure,

identify deficiencies in public investments, allocate  funds

based on priorities, reduce duplication of effort among  various

levels of government, and improve  legislative oversight over the

public infrastructure and new capital  investments. Based  on our

analysis of the President's budget data, we  estimate the Federal


£

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