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Fiscal Law – Complete Federal Fiscal Law and Budget Authority Practice Questions..

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Fiscal Law – Complete Federal Fiscal Law and Budget Authority Practice Questions

Institution
Fiscal Law
Course
Fiscal Law

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Appropriations Act


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An appropriation is a statutory authorization to "incur obligations and make
payments out of the U.S. Treasury for specified purposes." An
appropriations act is the most common form of budget authority.




Accountable officer


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Any government officer or employee who by reason of his or her
employment is responsible for, or has custody of, government funds.

, Commitment


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An administrative reservation of allotted funds.




Certification


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The act of attesting to the legality, propriety, and accuracy of a voucher for
payment.




Time Analysis


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Military Personnel and Operation and Maintenance (O&M): one-year
period of availability

National Guard and Reserve Equipment Account (NGREA): three-year
period of availability

Military Construction (MILCON): five-year period of availability




Hierarchy of US Law


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Institution
Fiscal Law
Course
Fiscal Law

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