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FISCAL LAW FULL SOLUTION VERSION 2 2026 QUESTIONS WITH ANSWERS GRADED A+

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FISCAL LAW FULL SOLUTION VERSION 2 2026 QUESTIONS WITH ANSWERS GRADED A+

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FISCAL LAW FULL SOLUTION VERSION 2 2026
QUESTIONS WITH ANSWERS GRADED A+


◉ Time. Answer: Different types of funds have different periods of
availability
Some funds are "no year" funds or are available until expended


◉ Bona Fide Need Rule. Answer: (PTA/Time)
Stock Levels
For severable services with up to a 12 month period of performance,
by law
For specific programs, like the Global Security Contingency Fund


◉ The Antideficiency Act (ADA). Answer: (PTA/Amount) Prohibits
making or authorizing an expenditure or obligation exceeding an
amount available in an appropriation or fund for the expenditure of
the obligation, or involving the government in a contract or
obligation for payment of money before an appropriation is made,
unless authorized by law.
31 U.S. Code, Sections 1341(a), 1342, and 1511-1517, and also anti-
volunteer laws.

, ◉ Research, Development, Test, and Evaluation (RDT&E). Answer: 2
Years Current
5 Years Expired
Canceled


◉ Operation & Maintenance (O&M). Answer: 1 Year Current
5 Years Expired
Canceled


◉ Procurement. Answer: 3 Years Current
5 Years Expired
Canceled


◉ Military Construction (MILCON). Answer: 5 Years Current
5 Years Expired
Canceled


◉ Military Personnel (MILPERS). Answer: 1 Year Current
5 Years Expired
Canceled

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