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Fiscal Law Test Questions with Correct Answers.
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Fiscal Law Test Questions with Correct Answers.Fiscal Law Test Questions with Correct Answers. Fiscal Law Test Questions with Correct Answers.
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Fiscal Law Test Questions with Correct AnswersFiscal pLaw p- pCorrect p pAnswer p- pBody pof plaw pgoverning puse pof pfederal pfunds
Fiscal pYear p- pCorrect p pAnswer p- p1 pOctober p‐ p30 pSeptember
Period pof pAvailability p- pCorrect p pAnswer p- pMost pappropriations pavailable pfor pobligation pfor
plimited ptime pperiod
pFunds pnot pobligated pin ptimely pmanner pgenerally pexpire
Obligation p- pCorrect p pAnswer p- pTransaction plegally pbinding pthe pgovernment pto pmake ppayment
pE.g., pplace pan porder, paward pa pcontract, preceive pservices
Budget pAuthority p- pCorrect p pAnswer p- pFederal plaw pprovides pto pincur pobligations pup pto pspecified
pamount
National pDefense pAuthorization pAct p(NDAA) p- pCorrect p pAnswer p- pAuthorizes pprograms, pbut
pdoesn't pprovide pobligation pauthority
pE.g., pend pstrength; pDoD pFM pCertification pProgram; pgovernment
lodging pprogram p(i.e., pIntegrated pLodging pProgram)
Appropriation pAct p- pCorrect p pAnswer p- pStatutory pauthorization p"to pincur pobligations pand pmake
ppayments pout
of pthe pTreasury pfor pspecified ppurposes
Continuing pResolution pAuthority p- pCorrect p pAnswer p- pIn pthe pabsence pof pa pregular
pappropriations pact p‐ pprovides pbudget
authority pto pcontinue poperations
Affirmative pAuthority p- pCorrect p pAnswer p- p"The pestablished prule pis pthat pthe pexpenditure pof
ppublic
funds pis pproper ponly pwhen pauthorized pby pCongress, pnot
that ppublic pfunds pmay pbe pexpended punless pprohibited pby pCongress.
, ‐ pUnited pStates pv. pMacCollom,
426 pU.S. p317, p321 p(1976)L
Governed pby:
• pThe pU.S. pConstitution
• pLegislative pAuthorization pand pAppropriations pActs
• pJudicial pCourt pRulings pand pComptroller pGeneral pdecisions
Purpose p- pCorrect p pAnswer p- p"Appropriations pshall pbe papplied ponly pto pthe pobjects
for pwhich pthe pappropriations pwere pmade pexcept pas
otherwise pprovided pby plaw."
31 pU.S.C. p1301(a)
Three ppart pexpenditure ptest p...
pMust pbe pfor pa pstatutory ppurpose por pnecessary/
incident pto pthe pgeneral ppurpose pof pthe pappropriation
pNot pprohibited pby plaw
pNot potherwise pprovided pfor pin panother pappropriation
Purpose p- pCorrect p pAnswer p- pNecessary/incident pto pgeneral ppurpose pof pthe
appropriation...
• pCongress pcan't plist peverything....so pagencies phave
reasonable pdiscretion...
• pMust pbe preasonably pnecessary
• pMaterially pcontribute pto pmission paccomplishment?
• pOr pis pit pnice pto phave?
• pDoesn't phave pto pbe ponly por pbest pway
• pDeterminations pare pfact, pagency, pand ppurpose pspecific
Typical pQuestionable pExpenses pfor pPurpose p- pCorrect p pAnswer p- p• pClothing
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