Fiscal Law 3.1 Exam Questions & Answers 100% Updated!!
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Course
Fiscal Law 3.1
Institution
Fiscal Law 3.1
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 Federa...
Fiscal Law 3.1 Exam Questions &
Answers 100% Updated!!
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)
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
What type of budgetary resources remains available for new obligations for more than one fiscal
year? - ANSWER Multi-year authority
What type of Congressional resolution can be thought of as a temporary appropriations act? -
ANSWER Continuing Resolution
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