Module 3_Fiscal Law Training Exam With Solved Solutions 2024.

The established rule is that the expenditure of public funds is proper only when ________ by Congress, not that public funds may be expended unless prohibited by Congress. - Answer authorized In fiscal law, you can do only what the law authorized you to do. ______ of a law prohibiting you from doing something with your funding doesn't give you the authority to do it; it must be authorized by law in order for you to obligate funds - Answer Absence Are congressional committee reports (legislative history) lawful? - Answer No, Congressional committee reports known as legislative history are not law and generally not binding. Fiscal Law is based on the premise that appropriations are only available for obligation and expenditure when specifically _______ by the Congress, not that we can use appropriations unless specially prohibited by the Congress. - Answer approved What is fiscal law based upon? - Answer Fiscal Law is based upon the constitution, authorization acts, appropriation acts, general statues, Comptroller General Decision (Administration Law) and court decisions (case law). What does the appropriation acts identify? - Answer the purpose, time and amount of the appropriations Article 1, Section 7 gives Congress the power to do? - Answer Article 1, Section 7 empowers the Congress to pass bills for the raising of revenue, and delineates how bills will pass from the Congress to the President for signature or veto. Article 1, Section 8, Clause 1, empowers Congress to do? collect taxes. - Answer Article 1, Section 8, Clause 1, empowers Congress to collect taxes. Article 1, Section 9, Clause 7, requires appropriations to be law before before money is spent (True or False). - Answer True, Article 1, Section 9, Clause 7, requires appropriations in law before money may be