Intercity Passenger Rail: Amtrak Needs to Improve Its Accountability for Taxpayer Relief

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DIANE Publishing, Sep 1, 2000 - Transportation - 70 pages
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Since Amtrak's inception the Fed. government has provided the railroad with over $23 billion in capital and operating assistance, including about $2 bill. in FY 1998 and 1999 from the Taxpayer Relief Act (TRA) to make capital improvements and maintain Amtrak's equip., as well as to make pay. on debt. This report discusses: how much Amtrak has spent in TRA funds and what types of activities it has funded; whether Amtrak has used TRA funds in accordance with the act; what the roles of the Amtrak Reform Council and the IRS have been in monitoring Amtrak's use of TRA funds; and whether Amtrak fully reports its use of TRA funds. Charts and tables.
 

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Page 32 - We conducted our review from June 1999 through February 2000 in accordance with generally accepted government auditing standards. As agreed with your office, unless you publicly announce its contents earlier, we plan no further distribution of this report until 7 days
Page 32 - no further distribution of this report until 7 days after the date of this letter. At that time, we will send copies of this report to congressional committees with responsibilities for
Page 67 - V Comments From the Internal Revenue Service Note: GAO comments supplementing those in the report text appear at the end of this appendix. COMMISSIONER DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE WASHINGTON. DC
Page 45 - (i) the acquisition of equipment, rolling stock, and other capital improvements, the upgrading of maintenance facilities, and the maintenance of existing equipment, in intercity passenger rail service, and (ii) the payment of interest and principal on obligations incurred for such acquisition, upgrading, and maintenance.
Page 3 - 2000 The Honorable Bud Shuster Chairman, Committee on Transportation and Infrastructure House of Representatives Dear Mr. Chairman: The National Railroad Passenger Corporation (Amtrak)
Page 70 - GAO's Comments Comments From the Internal Revenue Service The following are GAO's comments on the Internal Revenue Service's letter dated February 8,
Page 69 - See comment 2. See comment 3. See comment 4. Comments From the Internal Revenue Service
Page 67 - 20548 Dear Ms. Scheinberg: Thank you for the opportunity to review and comment on your recent draft report entitled
Page 42 - initiatives that are consistent with good business judgment and designed to maximize its revenues and minimize government subsidies.
Page 27 - Amtrak reviews and approves capital improvement projects to determine that the projects qualify under TRA. However, it does not determine whether individual expenses incurred and paid are allowable under the act. We find Amtrak's lack of review of expenditures troubling because, without such a review, Amtrak does not have reasonable assurance that TRA funds are spent in accordance with the law.

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