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CDFM 3.1 Fiscal Law Questions with Correct Answers
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CDFM 3.1 Fiscal Law Questions withCorrect Answers
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency
Act. - Answer - FALSE
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations
of the _________. - Answer - 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act)
The appropriation time line for Military Construction is _______ years. - Answer - 5
The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is _______
years. - Answer - 3
The 2 provisions of the US Constitution that provide the underpinning for the budget process are
______. - Answer - Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
The budgetary resources that are available for new obligations until the purposes for which were
provided are carried out are called _________. - Answer - No-Year Authority
The ________ governs the congressional budget, defines key budget term and establishes house and
senate budget committees and the Congressional Budget Office. - Answer - Congressional Budget Act of
1974
True or false? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires
appropriations in law before money can be spent from the Treasury. - Answer - FALSE. Article 1 section
8 empowers Congress to collect taxes and section 9 requires appropriations in law before money can be
spent from the Treasury.
The appropriation time line for R & D is ________ years. - Answer - 2
The penalty for willfully and knowingly violating the Anti Deficiency Act is ______. - Answer - Up to 2
years and a $5,000 fine or both
, Over obligation of an appropriation or funds and obligations or contracts in advance of an appropriation
is a violation of _______. - Answer - 31,. USC 1341(a)
________ appropriations is (are) no longer available for adjustments or payments any adjustments will
be charged to current same appropriation (1% max) - Answer - Cancelled
Over-obligations of apportionments, allotments or other subdivision of funds are a violation of
________ - Answer - 31,. USC 1517
True or False? Not knowingly or willfully committing a violation of the Anti-Deficiency Act does not, by
itself, justify a decision to not impose disciplinary action against the individual. - Answer - TRUE
It is the responsibility of the _____ to review and approve the agency systems of administrative control
of funds to prevent violations of the Anti-Deficiency Act. - Answer - OMB
Acceptance of voluntary service is a violation of _________ - Answer - 31,. USC 1342
_____ is the shift from one purpose or activity to another within different appropriations. - Answer -
Transfer
The ____ prescribe rules and procedures for budget execution. Many of the specific provisions were
previously enacted as Section 3679 of the revised statutes also known as the Anti-Deficiency Act. -
Answer - Chapters 13 and 15, 31 USC
The appropriation time line for Operation and Maintenance is ________. - Answer - 1
The Basic substantive legislation enacted by Congress that sets up or continues the legal operation of a
Federal program or agency either indefinitely or for a specific time frame or sanctions a particular type
of obligation or expenditure within a program is _______. - Answer - Authorization
True or False? For no year and unexpired multiyear contracts, apportioned recoveries of prior year
obligations are available for new obligations. - Answer - TRUE
_______ is the shift from one purpose or activity to another within the same appropriations. - Answer -
Reprogramming
______ is the shift from one purpose or activity to another between different appropriations. - Answer -
Transfer
The Package that lists all of the reprogramming actions and all sources and increases is the ______. -
Answer - Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account that is set aside in
a transfer appropriation account to carry out the purpose of the parent appropriation is a (n)_______. -
Answer - Allocations
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