Fiscal Law Exam 2024 Questions & Answers 100% Correct!!
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Course
Fiscal Law
Institution
Fiscal Law
Affirmative Authority governed by what: - ANSWER • The U.S. Constitution
• Legislative Appropriations and Authorization Acts
• Judicial Court Rulings and Comptroller General decisions
DoD AA - ANSWER Depart of Defense Appropriations Act
NDAA - ANSWER National Defense Authorization ...
Fiscal Law Exam 2024 Questions &
Answers 100% Correct!!
Affirmative Authority governed by what: - ANSWER • The U.S. Constitution
• Legislative Appropriations and Authorization Acts
• Judicial Court Rulings and Comptroller General decisions
DoD AA - ANSWER Depart of Defense Appropriations Act
NDAA - ANSWER National Defense Authorization Act
Purpose 3-Part Test - ANSWER - Expenditure must be for a statutory purpose or necessary/incident
to the general purpose of the appropriation
- Expenditure must not be prohibited by law
- Expenditure must not be otherwise provided for in another appropriation; AFI65-601
Time: - ANSWER Determine if the appropriation is available
- When the goods/services are needed
- When the obligation was made or adjusted
- When funds are disbursed from Treasury
Agencies may not obligate in advance of: - ANSWER - An enacted appropriation
- Receipt of funds from HHQ
Anti-Deficiency Act - ANSWER No DoD official shall authorize or create any obligation or make any
expenditure beyond the amount permitted under any statutory limitation that modifies or restricts
the availability of funds
Necessary Expense Defined - ANSWER • Must be reasonably necessary
• Doesn't have to be only or best way
• Determinations are fact, agency, and purpose specific; AFI65-601.
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