Improved Controls Needed Over Federal Financial Assistance to Railroads
CED-76-161
Published: Nov 15, 1976. Publicly Released: Nov 15, 1976.
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Highlights
Before 1976, direct federal assistance to the nation's railroads was essentially in response to specific crises, but enactment of the Railroad Revitalization and Regulatory Reform Act changed the situation. The $1.6 billion in aid will be administered by the Federal Railroad Administration (FRA), Department of Transportation (DOT), and the United States Railway Association.
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AccountingAuditsFederal aid to railroadsIndependent agenciesRailroad transportation operationsRailroad industryRailFinancial assistanceReorganizationFederal assistance programs