U.S. GAO -

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Legality of Commodity Credit Corporation's Excluding Interest Owing to the U.S. Treasury on Outstanding Notes Payable

B-89366-O.M.: Published: Sep 09, 1964. Publicly Released: Sep 09, 1964.

GAO's Civil Accounting and Auditing Division requested a decision from the Comptroller General pertaining to whether the excluding by the Commodity Credit Corporation (CCC) of interest owing to the U.S. Treasury on outstanding notes payable, when determining the amount of unused statutory borrowing authority, is in violation of federal law.The Comptroller General found that the limitation set fort...