New Audit Announcements
Audit Initiated of FTA’s Oversight of Real Property Disposition
The Federal Transit Administration (FTA) provides financial assistance to local transit providers, investing more than $13 billion annually in grants to develop and improve transit systems. Recipients use those funds through FTA’s various grant programs for a variety of purposes, including the purchase and disposal of real property for the construction of bus facilities, metro-line extensions, and rail corridor projects. Given FTA’s investment in projects to develop and improve our Nation’s transit systems, we are initiating an audit to assess FTA’s oversight of real property disposition. Specifically, we will assess FTA’s oversight of grant recipients’ identification and disposal of real property no longer needed that was acquired with FTA’s financial assistance.