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Financial Audit: Trans-Alaska Pipeline Liability Fund

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Report Type Reports and Testimonies
Report Date Jan. 17, 1992
Report No. AFMD-92-29
Subject
Summary:

The Trans-Alaska Pipeline Liability Fund, a nonprofit corporate entity created in 1973, pays claims for damages, including cleanup costs, arising from oil discharges from vessels transporting Trans-Alaska Pipeline System oil loaded at Alaskan terminals to ports under U.S. jurisdiction. This report presents the results of GAO's view of the independent certified public accountants' audit of the Fund's financial statements as of December 31, 1990. GAO also assesses progress toward disposing of the Fund's balances and terminating the Fund.

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