CDFM 3.1 Fiscal Law

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 re