FSD200/201: RA Introduction and Fiscal Law Exam 100% Correct!!
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Course
RA Introduction and Fiscal Law
Institution
RA Introduction And Fiscal Law
Fiscal Year Closeout Requirements - ANSWER
Fiscal Year Resources - ANSWER Sample Checklist, Table of Important Commitment Doc Dates; Rack and Stack of Unfunded Reqs
Fiscal Law - ANSWER Body of law that governs availability and use of federal funds.
Fiscal Law is derived from: - ANSWER ...
FSD200/201: RA Introduction and
Fiscal Law Exam 100% Correct!!
Fiscal Year Closeout Requirements - ANSWER
Fiscal Year Resources - ANSWER Sample Checklist, Table of Important Commitment Doc Dates; Rack
and Stack of Unfunded Reqs
Fiscal Law - ANSWER Body of law that governs availability and use of federal funds.
Fiscal Law is derived from: - ANSWER Constitution, Legislative Acts, Judicial Rulings, Comptroller
General Decisions
Who Governs fiscal law? - ANSWER Congress, based on constitutional Appropriations clause.
Judicial Limitations on Legislative Branch - ANSWER Spending must server general welfare, federal
funds must be related to goal, Congress must be authoritative and clear on spending conditions,
must not violate Constitution
Affirmative Authority - ANSWER Required by Congress for expenditure of funds - existence of funds
does not justify spending, an appropriate purpose must be defined
Three main elements of Affirmative Authority for funds to be used: - ANSWER Purpose, Time,
Amount
Three types of Appropriations by time - ANSWER Annual (default), Multiple Year (R&D, Procurement,
Construction, etc.), No-Year (use until expended - Working Capital or BRAC, etc)
Four Provisions of Antideficiency Act - ANSWER 1. May not make expenditure that exceeds
appropriation 2. May not make expenditure in advance of appropriation 3. may not accept voluntary
or personal services except those authorized by law 4. may not authorize expenditure in excess of
amount specified according to agency regulations
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