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AFMD-81-28 1 (1981-01-30)

handle is hein.gao/gaobabbnf0001 and id is 1 raw text is: t. B.SE - r ~ r r f r IC . REPORT BY THE . Comptroller General OF THE UNITED STATES Better Accounting Needed For Foreign Countries' Deposits For Arms Purchases GA( found that improvements are needed in the collection of and accounting for foreign cou itries' funds deposited in the United Statn for arms purchases. Also, definitive guid lines are needed for implementing the U.S. policy allowing foreign countries to tran fer moneys not needed to meet current obliat ions from their trust fund accounts to inte est-bearing accounts. GA) was asked by the Chairman of the Sub- com ittee on Limitations of Contracted and Del gated Authority, Senate Judiciary Com- mittee, to evaluate the impact of this policy and determine if the interests of the United Stat are protected in the event a foreign cou try cancels an arms purchase agreement. This report discusses the problems GAO fournd, reiterates the need for action on prob- lem: previously identified, and recommends cti ns to protect the interests of the United Stat s. IIIIIIII IIIIIIII 114326 AFMD-41.28 JANUARY 30, 1961 & C) I 14 3.)L.4