Status of Budget Authority Involved in Three Rescissions
OGC-77-2: Published: Oct 13, 1976. Publicly Released: Oct 13, 1976.
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The status of budget authority involved in three budget rescissions rejected by Congress is discussed. The requested rescission of $220,403,852 available for the Department of Health, Education, and Welfare's Elementary and Secondary Education Program was amended, reducing the proposed amount by $10 million. A portion of these funds has been released, and the remainder of the budget authority is available for obligation. Up to $600 million for the Department of Housing and Urban Development's (HUD) State Housing Production and Mortgage Credit Housing Finance and Development Agencies was proposed for rescission, but not approved. Contract authority andfiscal year (FY) 1976 liquidating cash were made available for obligation and responses were received from nine states before the deadline. About $3.8 million of the available $15 million remained unused at the end of FY 1976. Because the contract authority remains available for use, additional states can still take advantage of HUD assistance. The proposed rescission of $2.5 million available for the Community Services Administration (CSA) Community Services Program was also rejected by Congress, and the budget authority was required to be made available. CSA has obligated all of the funds previously proposed for rescission.
Dec 15, 2020
The Nation's Fiscal Health:
Information on the Spending and Revenue Implications of Potential Debt TargetsGAO-21-211: Published: Dec 15, 2020. Publicly Released: Dec 15, 2020.
Oct 7, 2020
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The Nation's Fiscal Health:
A Long-Term Plan Is Needed for Fiscal SustainabilityGAO-21-161T: Published: Oct 7, 2020. Publicly Released: Oct 7, 2020.
Sep 23, 2020
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The Nation's Fiscal Health:
Effective Use of Fiscal Rules and TargetsGAO-20-561: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.
Jan 23, 2020
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Federal Trust Funds and Other Dedicated Funds:
Fiscal Sustainability Is a Growing Concern for Some Key FundsGAO-20-156: Published: Jan 16, 2020. Publicly Released: Jan 23, 2020.
Dec 19, 2019
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State and Local Governments' Fiscal Outlook:
2019 UpdateGAO-20-269SP: Published: Dec 19, 2019. Publicly Released: Dec 19, 2019.
Nov 14, 2019
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Certificated Expenditures:
Executive Office of the President FY 2018 Certificated Expenditures Were Spent for Authorized PurposesGAO-20-139R: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
Oct 16, 2019
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Civilian Personnel:
Additional Guidance and Consistent Data Reporting Could Help Improve the Marine Corps' Budget ManagementGAO-20-148: Published: Oct 16, 2019. Publicly Released: Oct 16, 2019.
Jun 26, 2019
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The Nation's Fiscal Health:
Actions Needed to Achieve Long-Term Fiscal SustainabilityGAO-19-611T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.
Apr 10, 2019
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The Nation's Fiscal Health:
Action Is Needed to Address the Federal Government's Fiscal FutureGAO-19-314SP: Published: Apr 10, 2019. Publicly Released: Apr 10, 2019.
Mar 27, 2019
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Fiscal Exposures:
Federal Insurance and Other Activities That Transfer Risk or Losses to the GovernmentGAO-19-353: Published: Mar 27, 2019. Publicly Released: Mar 27, 2019.
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