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CDFM: Module 3: Part 1/3 Fiscal Law questions with verified answers
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_______________ must grant relief is __________________ determines that relief is appropriate given the criteria specified in these two sections of the US Code (31 USC 3527 and 3528). Ans CG; SecDef __________________ is one of the few agencies having authority to accept and keep gifts in what t...

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  • March 21, 2025
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  • 2024/2025
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CDFM: Module 3: Part 1/3 Fiscal Law questions
with verified answers
_______________ must grant relief is __________________ determines that
relief is appropriate given the criteria specified in these two sections of the US
Code (31 USC 3527 and 3528). Ans✓✓✓ CG; SecDef


__________________ is one of the few agencies having authority to accept and
keep gifts in what two situations? Ans✓✓✓ DoD
1. First, DoD may accept contributions of money or real property from any
person, foreign Government, or international organization. The proceeds from
the sale of property are credited to the Defense Cooperation Account in the
Treasury.
2. DoD may accept services, supplies, real property, or the use of real property
under a mutual defense or similar agreement.


31 USC 1553 also requires that approval be sought from the Authorization and
Appropriation committees if obligations from an expired appropriation during a
FY exceed _________________________ at the program level. The Congress must
be given ________ days notice; the USD(C) monitors the process. Ans✓✓✓ $25
million; 30 days


31 USC 1553 requires that approval be sought from the head of the agency if
obligations from an expired appropriation during a FY exceed
_________________________ for any program. Ans✓✓✓ $4 million


A contractor officially defaults before completing terms of contract. Government
may obligate same year funds previously obligated for a replacement contract
amount less, same or greater than originally obligated if: Ans✓✓✓ 1. Bona fide
need still exists

, 2. same or lesser scope of work
3. replacement contract awarded in a timely manner


A disbursing officer is... Ans✓✓✓ an officer of a Federal department or agency,
civilian or military, who is designated to disburse monies.


Aa discussed, purpose, time, and amount limit the
_____________________________________ of budgetary resources for
obligation and expenditure. Ans✓✓✓ availability


An _____________________________________
____________________________ possessing personal responsibility is presumed
___________________________ when funds are missing or an erroneous
payment is made and is thus presumed responsible for the loss of monies,
unless/until he/she proves his/her innocence. Ans✓✓✓ accountable official,
negligent


At the beginning of the first expired year, the expired unobligated balance is
placed in an account titled.. Ans✓✓✓ "Unobligated Balance: Brought Forward
October 1."


Books and periodicals evaluated and justified under the
_________________________________ ________________________________
____________________________. Ans✓✓✓ necessary expense doctrine


Budget authority will remain on the agency's books for five years after an
appropriation enters expired status, at which time all un-obligated and un-
liquidated balances will be cancelled and returned to the... Ans✓✓✓ general
fund of the Treasury and are no longer available to the agency for any purpose.

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