Comments Concerning Authority

B-203788: Published: Jul 7, 1981. Publicly Released: Jul 7, 1981.

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The question arose as to whether the 1981 Agriculture, Rural Development, and Related Agencies Appropriation Act granted the Commodity Futures Trading Commission multiple year leasing authority during fiscal year 1981. In response, GAO stated that, based on the language of the Act and its legislative history, the Act grants the Commission multiple-year leasing authority during the 1981 fiscal year and that the authority expires with the appropriation at the end of the current fiscal year. Additionally, GAO would not express any view as to the scope or application of the agency's authority in any particular circumstance.

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