Maritime Administration: Stronger Management Controls Needed Over Vessels in Title XI Custody
RCED-92-147
Published: May 22, 1992. Publicly Released: May 28, 1992.
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Highlights
Pursuant to a congressional request, GAO examined the adequacy of the Maritime Administration's (MARAD) management controls for the custody, maintenance, and sale of vessels acquired by the Federal Ship Financing Program, also known as the Title XI Program.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Transportation | To help ensure that the Title XI program is administered efficiently and effectively and provides reasonable assurance that government resources are protected against fraud, waste, misappropriation, and mismanagement, the Secretary of Transportation should direct the Administrator, MARAD, to develop detailed formal policies and procedures to guide decisionmaking regarding the custody, maintenance, and sale of Title XI vessels. |
Closed – Implemented
The Maritime Administration issued a revised comprehensive policy paper outlining the objectives, policies, and procedures of the Title XI program in December 1992.
|
| Department of Transportation | To help ensure that the Title XI Program is administered efficiently and effectively and provides reasonable assurance that government resources are protected against fraud, waste, misappropriation, and mismanagement, the Secretary of Transportation should direct the Administrator, MARAD, to identify and document significant information and program activities concerning decisions affecting the custody, maintenance, and sale of individual vessels. |
Closed – Implemented
A revised MARAD policy paper providing instructions regarding documenting significant activities was issued in December 1992.
|
| Department of Transportation | To help ensure that the Title XI Program is administered efficiently and effectively and provides reasonable assurance that government resources are protected against fraud, waste, misappropriation, and mismanagement, the Secretary of Transportation should direct the Administrator, MARAD, to develop indicators to allow MARAD officials and others to better monitor the program's performance. |
Closed – Implemented
MARAD identified certain statistical information it collects as performance indicators and included such in its policy paper issued in December 1992.
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Cost controlGovernment collectionsGovernment guaranteed loansInternal controlsLoan defaultsProgram abusesProperty disposalRecordsSurplus federal propertyWatercraft