Audits
Reauthorization of the Maritime Administration
June 21, 2000
Project ID: MA-2000-093
Summary
On May 16, 2000, at a hearing before the Committee on Commerce, Science, and Transportation, U.S. Senate, we provided testimony on the Reauthorization of the Maritime Administration (MARAD). A copy of our statement is attached for your information. Our testimony addressed the following three issues:
(1) The approval and subsequent default on the Title XI loan guarantee for the Quincy Shipyard in Massachusetts;
(2) MARAD’s growing inventory of obsolete vessels and actions needed to scrap them; and
(3) The need for improved controls related to the administration of contracts for maintaining Ready Reserve Force (RRF) vessels.
(1) The approval and subsequent default on the Title XI loan guarantee for the Quincy Shipyard in Massachusetts;
(2) MARAD’s growing inventory of obsolete vessels and actions needed to scrap them; and
(3) The need for improved controls related to the administration of contracts for maintaining Ready Reserve Force (RRF) vessels.