Status of Budget Authority That Was Proposed for Rescission
OGC-86-21: Published: Jul 1, 1986. Publicly Released: Jul 1, 1986.
- Full Report:
GAO reviewed the President's sixth special message for fiscal year 1986, specifically three rescission proposals affecting the Department of Defense's budget authority for military procurement.
The President proposed the rescission of $114,500,000 from military procurement accounts. GAO found that, since Congress did not pass a rescission bill within the required 45-day period, the Office of Management and Budget released the funds for obligation.