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Oil and Gas Royalties: Litigation over Royalty Relief Could Cost the Federal Government Billions of Dollars

Description: Correspondence issued by the Government Accountability Office with an abstract that begins "Oil and gas production from federal lands and waters is critical to meeting the nation's energy needs. This production provided about 31 percent of all oil and 29 percent of all natural gas produced in the United States in fiscal year 2007. Every five years, the federal government decides the areas in the offshore waters of the United States it will offer for leasing and establishes a schedule for indivi… more
Date: June 5, 2008
Creator: United States. Government Accountability Office.
Partner: UNT Libraries Government Documents Department
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Refund Anticipation Loans

Description: Correspondence issued by the Government Accountability Office with an abstract that begins "Taxpayers who do not want to wait for their tax refunds from the Internal Revenue Service (IRS) may choose to obtain refund anticipation loans (RAL). RALs are short-term, high-interest bank loans that are advertised and brokered by both national chain and local tax preparation companies. Although the annual percentage rate (APR) on RALs can be over 500 percent, they allow taxpayers to receive cash refund… more
Date: June 5, 2008
Creator: United States. Government Accountability Office.
Partner: UNT Libraries Government Documents Department
open access

Fiscal Year 2007 U.S. Government Financial Statements: Sustained Improvement in Financial Management Is Crucial to Improving Accountability and Addressing the Long-Term Fiscal Challenges

Description: Testimony issued by the Government Accountability Office with an abstract that begins "The Congress and the President need to have reliable, useful and timely financial and performance information to make sound decisions on the current and future direction of vital federal government programs and policies. Unfortunately, except for the 2007 Statement of Social Insurance, GAO was again unable to provide assurance on the reliability of the consolidated financial statements of the U.S. government … more
Date: June 5, 2008
Creator: United States. Government Accountability Office.
Partner: UNT Libraries Government Documents Department
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