Texas's Collider Claim
RCED-94-199R: Published: Apr 22, 1994. Publicly Released: May 25, 1994.
- Full Report:
Pursuant to a congressional request, GAO provided information about the Department of Energy's (DOE) settlement of Texas' claim for its investment in the terminated Superconducting Super Collider project. GAO noted that: (1) DOE has not estimated the cost of settling Texas' claim for project investment and cannot predict when it will be able to estimate those costs; (2) DOE agrees that Texas invested about $500 million, and is negotiating with the state to reach a settlement; and (3) a previous GAO report concluded that DOE does not currently need additional funds to cover its estimated costs for project termination activities. GAO believes that, when DOE determines that the costs of settling with Texas exceed its funds, it could then ask Congress for additional money.