Admin Table of Contents
What is the three part purpose test?
The “Necessary Expense Doctrine” (a.k.a. The 3-part Purpose Test). The purpose statute does not require every expenditure to be specified in an appropriation act. That is not possible or feasible. “The spending agency has reasonable discretion in determining how to carry out the objects of the appropriation.”
What are the three phases of appropriation life cycle?
Each appropriation category has three distinct periods during its lifecycle: current period, expired period, and cancelled period.
What is the GAO Redbook?
Overview. Principles of Federal Appropriations Law, also known as the Red Book, is GAO’s multi-volume treatise concerning federal fiscal law. The Red Book provides text discussion with reference to specific legal authorities to illustrate legal principles, their application, and exceptions.
What are the sources of fiscal law?
Fiscal Law is the body of law that governs the availability and use of federal funds. It is derived from many sources to include but not limited to opinion, regulations, Public Law, US Code, and the US Constitution.
What is meant by fiscal law?
Fiscal law is the body of law that governs how federal agencies may use the funds appropriated to it by congress that, believe it or not, are grounded in the U.S. Constitution. Amount is how much an agency can spend on those contracts/programs and, if the limit is busted, that is known “Antideficiency Act violation.”
What are the three phases of the appropriation life cycle CLC 222?
There are now three distinct phases in terms of availability of appropriations: (1)”Current,” which means the funds are available for obligation; (2) “Expired,” which means they are not available for obligation, only liquidation of previously incurred obligations or certain adjustments to these obligations; and (3) ” …
What basis law governs the use of government funds?
“The President shall submit to the Congress within 30 days from the opening of every regular session, as the basis of the general appropriation bill (GAB), a budget of expenditures and sources of financing including receipts from Page 2 existing and proposed revenue measures.”
What does the Antideficiency Act specifically prohibit?
The Antideficiency Act (ADA) ( Pub. L. 97–258, 96 Stat. 923) is legislation enacted by the United States Congress to prevent the incurring of obligations or the making of expenditures (outlays) in excess of amounts available in appropriations or funds.
What are the principles of appropriation law?
The bona fide needs rule is one of the fundamental principles of appropriations law: A fiscal year appropriation may be obligated only to meet a legitimate, or bona fide, need arising in, or in some cases arising prior to but continuing to exist in, the fiscal year for which the appropriation was made.
What is the body of law that governs the availability and use of federal funds?
What is Fiscal Law? Fiscal law is the body of law that governs how federal agencies may use the funds appropriated to it by congress that, believe it or not, are grounded in the U.S. Constitution.