Exam (elaborations)
Fiscal Law 3.1 Exam Questions and Answers.
- Module
- Fiscal Law
- Institution
- Fiscal Law
Fiscal Law 3.1 Exam Questions and Answers.
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Fiscal Law 3.1 Exam Questions andAnswers
Federal appropriations law can be categorized into which three topical areas? - Answer - Purpose,
Time, and Amount
In the DoD final decisions of fiscal law questions are "officially" rendered by whom? - Answer - DoD
General Council
What are the basic types of budget authority used in the Federal Government? - Answer -
Appropriations; Contract Authority; Borrowing Authority; Offsetting Collections and Receipts; Loan and
Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long? - Answer - One fiscal year
Operations and Maintenance (O&M) is an example of what type of appropriation? - Answer - Annual
Appropriation
RDT&E is an example of what type of appropriation? - Answer - Multi-year appropriation
Budget authority does not expire in what type of appropriation? - Answer - No year appropriation
Article 1 Section 9 gives the power to appropriate funds for operating the government to which branch?
- Answer - Legislative Branch (Congress)
Which law established the House and Senate Budget Committees and the Congressional Budget Office
(CBO)? - Answer - Congressional Budget Act of 1974
What are the three test which must be met for use of the Necessary Expense doctrine? - Answer - Must
bear a logical relationship; not prohibited by law; not funded elsewhere
Who are determined to be accountable officers in the Department of Defense? - Answer - Certifying
and Disbursing Offices and Departmental Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of
Defense? - Answer - The Defense Finance and Accounting Service
What type of budgetary resources remains available for new obligations until the purpose for which
they were provided is carried out? - Answer - no year authority
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