Conservation (1 - 1 of 1 item) in Past 6 Months
Maritime Administration: Proceeds from the Sale of Obsolete Vessels Were Accounted for, Allocated, and Disbursed Consistent with Applicable Law
GAO-17-280: Published: Feb 23, 2017. Publicly Released: Feb 23, 2017.
The Maritime Administration (MARAD) accounted for and allocated about $75.9 million in proceeds from the sale of 90 obsolete vessels from the National Defense Reserve Fleet (NDRF) in fiscal years 2005 through 2015 in the Vessel Operations Revolving Fund (VORF) consistent with applicable law.Required Allocation of Proceeds from the Sale of Obsolete Vessels Maintained in the Vessel Operations Revolv...