Railroad Retirement Board: Status of Amounts Transferred Pursuant to Section 401 of the Railroad Retirement Solvency Act of 1983
B-287158: Oct 10, 2002
- Full Report:
The Bureau of the Public Debt, Department of the Treasury (Treasury) requests our legal opinion concerning the treatment of $2.1 billion transferred from the general fund to the Railroad Retirement Board (RRB) in three installments pursuant to section 401 of the Railroad Retirement Solvency Act of 1983 (the 1983 Act), 45 U.S.C. 231n. Under the 1983 Act, the transferred amounts, called "loans," would be "repaid to the general fund to the extent sums are appropriated for the purpose."