EXAMINATION OF UNITED STATES RAILWAY ASSOCIATION'S FINANCIAL STATEMENTS, FISCAL YEAR 1979

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.

• Record URL:
  http://www.gao.gov/docdblite/summary.php?recflag=&rptno=CED-80-107
• Corporate Authors:

  U.S. General Accounting Office

  441 G Street, NW
  Washington, DC  United States  20548
• Publication Date: 1980-7-31

Media Info

• Features: Appendices;
• Pagination: 17 p.

Subject/Index Terms

• TRT Terms: Bankruptcy; Deficits; Financial analysis; Government funding; Investments; Profitability
• Identifier Terms: Conrail
• Old TRIS Terms: Regional rail reorganization act; United states railway association
• Subject Areas: Finance; Railroads;

Filing Info

• Accession Number: 00322176
• Record Type: Publication
• Report/Paper Numbers: CED-80-107
• Files: TRIS
• Created Date: Feb 18 1981 12:00AM