Status of Budget Authority Proposed, but Rejected, for Rescission
OGC-78-2
Published: Oct 26, 1977. Publicly Released: Oct 26, 1977.
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Highlights
The President proposed budget authority for six items for rescission, but Congress did not complete action on the rescission bills within the 45-day period stipulated. The Congressional Budget and Impoundment Control Act requires that those funds proposed, but not approved for rescission, be made available for obligation.
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Topics
AppropriationsBudget authorityBudget obligationsCompensationexecutive relationsImpoundmentProcurementWeapons systemsBudget rescissionsContract termination