The United States Railway Association monitors and provides financing for Conrail, which operates railroads in the Midwest and Northeast. Because Conrail's future is uncertain, GAO questions whether the Government's investment will be repaid. This circumstance, and the material effect that Conrail securities have on USRA's assets and income, make it impossible for GAO to render an opinion on USRA's fiscal year 1979 financial statements.


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    Title :

    Examination of United States Railway Association's Financial Statements, Fiscal Year 1979


    Publication date :

    1980


    Size :

    25 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English