Term
| True or False: Is Fiscal Law based on the premise that appropriations are only available for obligation and expenditure when specifically approved by the Congress,NOT that we can use appropriations unless specially prohibited by the Congress |
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Definition
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Term
| Under which articles and sections of the constitution is "constitutional authority" derived |
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Definition
1)Article 1, Section 7
2)Article 1, Section 8, Clause 1
3)Article 1, Section 9, Clause 7 |
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Term
| True or False: Fiscal Law and common llaw are intereted the same. |
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Definition
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Term
Constitutional Authority to Obligate and Expend Funds:
Empowers the Congress to pass bills for the raising of revenue, and delineates how bills will pass from the Congress to the President for signature or veto. |
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Definition
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Term
Constitutional Authority to Obligate and Expend Funds:
Empowers Congress to collect taxes |
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Definition
| Article 1, Section 8, Clause 1 |
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Term
Constitutional Authority to Obligate and Expend Funds:
Requires appropriations in law before money may be spent from the Treasury. The term appropriation applies broadly to any law that permits a Government employee to spend money, not just to the regular appropriation bills. |
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Definition
| Article 1, Section 9, Clause 7 |
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Term
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Definition
| Principles of Federal Appropriation Law |
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Term
| Who publishes the, "Red Book?" |
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Definition
| GAO, Office of the General Council |
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Term
| Contains detailed guidance and numerous cses illustrating proper and improper uses of funds. |
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Definition
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Term
| Beside the principles in the Red Book what additional principles exist as it relates to Fiscal Law? |
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Definition
1) Specific over general appropriations
2) Do not do indirectly wht you cannot do directly |
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Term
In order to avoid violations of:
1) 31. USC 1341
2) 31. USC 1342
3) 31. USC 1517
AKA (Anti-Deficiency Act) |
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Definition
| Agencies shall maintain systems of accounting, internal control, and administrative control to facilitate effective management of Federal programs. |
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Term
| If an agency violates the Anti-Deficiency Act agencies are responsible for? |
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Definition
| Preparing reports to the President and Congress and for making necessary improvements accounting and administrative control systems |
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Term
| The Budget and Accounting Act of 1921 did what three things? |
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Definition
1) Required the President to submit an annual budget to Congress for all three Branches of the Federal Government.
2)Created a budget office for the President (Now OMB)
3) Established General Accounting Office (Now GAO) |
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Term
This Law:
1) Governs the congressional budget process
2) Defines some key budget terms, such as budget authority, that are used in all phases of the budget process
3) Establishes the House and Senate budget committees and the Congressional Budget Office (OMB) |
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Definition
| Congressional Budget Act of 1974 (P.L. 93-344) Also P.L 100-119 |
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Term
| This law prescribes rules and procedures (including "sequestration")designed to constrain spending and receipts legislation. Commonly known as Gramm-Rudman-Hollings Act. The Budget Enforcement Act (BEA) significantly amended this act. |
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Definition
| Balanced Budget and Emergency Deficit Control Act of 1985 (P.L. 99-177) |
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Term
| These sections prescirbe rules and procedures for budget execution. The overarching statutory requirement for the use, control and accountability of funds are found here. |
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Definition
| Sections 13 and 15, 31 USC |
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Term
| OMB Circular A-11, "Instructions on Budget Execution." and GAO Federal Appropriations Law, Volume II, Chapter 6 summarize and restate the requirements of this law. |
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Definition
| Sections 13 and 15, 31 USC |
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Term
| Contained in the same act as the Congressional Budget Act, this law prescribes rules and procedures under which the President may withhold appropriated amounts from obligation (i.e. deferrals and rescissions) |
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Definition
| Impounded Control Act of 1974 (P.L. 93-344) 2 USC 682-688 |
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Term
| is issued pursuant to Chapters 13 and 15 of 31 USC, as recodified in 1982 (P.L. 97-258, 96 Stat. 877): Executive Order 11541 of Uly 1, 1970 and the Congressional Budget and Impoundment Control Act of 1974 (P.L. 93-344). It also incorporates GPRA in Section 200. |
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Definition
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Term
| What provides the basis for the body of law commonly referred to as Federal Appropriations Law? |
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Definition
1) U.S. Constitution
2) Article 1 of the Constitution (reveune bills and taxes)
3) Authorization
4) Appropriation
5) Court Decisiosn of the Comptroller General |
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Term
| Responsible for the use of appropriated funds as to the proper Purpose, Time and Amount, and for those US Codes pertaining thereto |
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Definition
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Term
| An erroneous, willful or knowning violation of fiduciary responsibility may lead to |
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Definition
| An Anti-deficiency Act Violation |
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Term
| True or False: There is no relief from an ADA violation |
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Definition
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Term
| Responsible for the accuracy of the disbursement of funds. Responsible for the repayment of any disbursemetn not in accordance with proper Purpose, Time or Amount. (physical control of the monies) |
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Definition
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Term
| All have pecuniary responsibility for the monies entrusted to their care and will be held personally liable for any loss or theft of these funds. |
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Definition
| Disbursing officers, cashiers, and collecting officers |
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Term
| Who is presumed negligent when funds are missing or an erroneous payment is made, and is thus presumed responsible for the loss of monies. |
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Definition
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