Comments on Saint Lawrence Seaway Development Corporation Use of Appropriated Funds
B-217578
Published: Oct 16, 1986. Publicly Released: Oct 16, 1986.
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Highlights
The Chief Counsel of the Saint Lawrence Seaway Development Corporation asserted that, because the agency did not receive funds appropriated annually from Congress, it did not receive appropriated funds. GAO has taken the position that the Corporation is subject only to restrictions on its use of appropriations that can be directly implied from its enabling legislation, that are included in appropriation acts applicable to the Corporation, or that are made specifically applicable to government corporations.
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Appropriated fundsAppropriation limitationsAuthorizing legislationBudget obligationsFederal corporationsFederal fund accountsFinancial managementFunds managementLegislative proceduresReconsiderations