[Comments on President's Proposed Impoundments]

GAO commented on impoundments that the President proposed in his fourth special message, deferring $700 million of budget authority from the Farmers Home Administration's Rural Housing Insurance Fund. GAO found no legal basis to object to the characterization of the withholding as a deferral because the Office of Management and Budget stated that it would release the funds in time for obligation in fiscal year 1986, unless Congress repealed the funds or disapproved the deferral.