Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 376 new people
  • 171 new organizations
  • 408 new photos
  • 1234 job history records for people in our database
  • 653 education records for people in our database
  • 1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 3 new people through the revolving door
  • 109 new policy reports
  • 43 new trips to our privately funded travel database
  • 629 new personal financial disclosures
  • 15148 new press releases
  • 11 new town halls
  • 25 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Resolution Trust Corporation: Oversight of SAMDA Property Management Contractors Needs Improvement

  Premium   Download PDF Now (18 pages)
Report Type Reports and Testimonies
Report Date Nov. 30, 1993
Report No. GGD-94-5
Subject
Summary:

The Resolution Trust Corporation (RTC) hires contractors under its Standard Asset Management and Disposition Agreement program to manage and dispose of assets from failed thrifts--everything from hotels to parking lots to animal clinics. RTC needs greater assurances that its contractors are adequately overseeing their property management subcontractors. Although the contractors had visited most of the properties included in GAO's review, none of them were doing regulator on-site reviews of their property management companies to ensure that RTC's assets were being adequately protected. Further, only one of the contractors had audited its property management company to ensure that expenses paid were reasonable and correct and that all revenues were properly recorded. Although RTC has taken several steps to beef up oversight of property management companies, including clarifying in memos and documents its expectations in terms of supervising property management companies, these changes do not guarantee that contractors will adequately and regularly monitor their property management companies.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com