Status of Budget Authority
OGC-80-4
Published: Dec 07, 1979. Publicly Released: Dec 07, 1979.
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Highlights
Under the Impoundment Control Act, funds proposed for rescission must be made available for obligation unless the Congress completes action on a rescission bill with 45 days of continuous congressional session following the day such a proposal is received by the Congress. GAO reported on the status of budget authority proposed, but rejected, for rescission in the President's first special message for fiscal year 1980.
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Topics
Allocation (Government accounting)Budget administrationBudget authorityBudget authority rescissionBudget obligationsImpoundmentContract terminationBudget rescissionsBudgetsImpoundment control