[Comments on CCC Funding Authority for FY 1988]

In response to a congressional request, GAO discussed the status of the Commodity Credit Corporation's (CCC) fiscal year (FY) 1988 funding authority. GAO noted that: (1) the Omnibus Budget Reconciliation Act of 1987 did not limit or nullify CCC appropriations or expand their availability; and (2) if CCC exhausts its FY 1988 available budget authority for payments to farmers and Congress does not appropriate supplemental funds, CCC would have to suspend the payments.