[Comments on FFB Authority to Use Public Funds for Project Construction]
B-248647.2: Published: Apr 24, 1995. Publicly Released: Apr 24, 1995.
- Full Report:
Pursuant to a congressional request, GAO reviewed whether certain legislation precluded the Federal Financing Bank's (FFB) financing of a federal construction project. GAO noted that the legislation did not specify how the project's costs were to be financed, only that the General Services Administration was to make lease payments that fully amortize project development costs over the term of the lease.