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<classification authority="sudocs">GA 1.13:GAO-04-134</classification>
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 <subject>Accounting standards</subject>
 <subject>Federal funds</subject>
 <subject>Funds management</subject>
 <subject>Loans</subject>
 <subject>Television broadcasting</subject>
 <subject>Audits</subject>
 <subject>Noncompliance</subject>
 <subject>Schedule slippages</subject>
 <subject>Program evaluation</subject>
 <subject>Interagency relations</subject>
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<titleInfo>
 <title>Local TV Act: Progress Made, but Timeliness and Cost Accounting Issues Need to be Addressed</title>
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<abstract>The LOCAL TV Act required that GAO perform an annual audit of the
(1) administration of the provisions of the Act, and (2)	 
financial position of each applicant who receives a loan	 
guarantee under the Act, including the nature, amount, and	 
purpose of investments made by the applicant. In fiscal year	 
2002, the LOCAL TV Program was funded; however, because it was	 
not fully implemented in that year, there were no loan guarantee 
applicants for GAO to audit. Therefore, this report primarily	 
addresses whether program administration during fiscal year 2002 
satisfied the provisions of the Act.</abstract>
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 <searchTitle>GAO-04-134; Local TV Act: Progress Made, but Timeliness and Cost Accounting Issues Need to be Addressed;
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 <topic>Accounting standards</topic>
 <topic>Federal funds</topic>
 <topic>Funds management</topic>
 <topic>Loans</topic>
 <topic>Television broadcasting</topic>
 <topic>Audits</topic>
 <topic>Noncompliance</topic>
 <topic>Schedule slippages</topic>
 <topic>Program evaluation</topic>
 <topic>Interagency relations</topic>
 <topic>LOCAL Television Loan Guarantee Program</topic>
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  <title>United States Public Law 171 (107th Congress)</title>
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 <identifier type="public law citation">Public Law 107-171</identifier>
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  <title>United States Public Law 206 (107th Congress)</title>
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 <identifier type="public law citation">Public Law 107-206</identifier>
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 <titleInfo>
  <title>United States Public Law 7 (108th Congress)</title>
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 <identifier type="public law citation">Public Law 108-7</identifier>
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