Fiscal lawfinance stuvia - Study guides, Class notes & Summaries

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Fiscal Law/Finance Questions & Answers 100% Correct!!
  • Fiscal Law/Finance Questions & Answers 100% Correct!!

  • Exam (elaborations) • 24 pages • 2024
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  • What is the "Bona Fide Need" Rule? - ANSWER The concept of the "legal availability" of Congressional appropriations is defined in terms of three elements - purpose, time, and amount. The Bona Fide Need rule covers the "time" aspect of legal availability and is one of the primary means of congressional control over its appropriations. The Bona Fide Need rule basically means that a federal agency must have a legitimate or "bona fide" need for the requirement during the time period that t...
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