The federal investment in Amtrak"s assets should be secured report by United States. General Accounting Office

Cover of: The federal investment in Amtrak

Published by U.S. General Accounting Office in Washington, D.C .

Written in English

Read online


  • Amtrak -- Finance.,
  • Railroads -- United States -- Finance.,
  • Federal aid to transportation -- United States.

Edition Notes

Book details

Statementby the Comptroller General of the United States.
The Physical Object
Paginationvi, 44 p. :
Number of Pages44
ID Numbers
Open LibraryOL17823677M

Download The federal investment in Amtrak"s assets should be secured

Instead, it has become dependent on Federal funds and subject to greater Federal control while legally remaining a private corporation. As of fiscal yearthe Federal Government had given Amtrak over $3 billion for its capital acquisition and improvement $ billion of the Government's investment in Amtrak is subject to Federal security arrangements.

Get this from a library. The federal investment in Amtrak's assets should be secured: report. [United States. General Accounting Office.]. This document is entitled Foreign Investment: Federal Data Collection on Foreign Investment in the United States.

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For example, no reserves may be required for a 1-unit primary residence, whereas two months may be required for a. Most tangibles tagged “Amtrak” are in hock; the line of Amtrak secured creditors, with recovery rights well ahead of common stock holders, snakes farther than the distance from North Sheboygan to South Succotash; and comptroller general opinions, based on statutory language and a provision of the Passenger Rail Investment and Improvement Act, hold that Amtrak debts are not an obligation of the federal government.

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Founded in as a quasi-public corporation to operate many U.S. passenger rail, it receives a combination of state and federal subsidies but is managed as a for-profit organization.

Amtrak's headquarters is located one block west of Union Station in Washington, D.C. Amtrak serves more than destinations in 46 states and three Canadian provinces, operating more than Track gauge: 4 ft 8 ¹⁄₂ in (1, mm) standard gauge.

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