Fiscal Law EXAM QUESTIONS WITH
100% COMPLETE SOLUTIONS
Fiscal Law - CORRECT ANSWER✔✔-*The body of law governing the
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availability and use of Federal funds
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*Derived from many sources to include the Constitution, legislative
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appropriations and authorization acts, and Judicial court rulings and
| | | | | | | | |
Comptroller General decisions (Authoritative guidance)
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Who can appropriate Funds - CORRECT ANSWER✔✔-Only Congress
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Not executive (President)
| |
U.S. Constitution Article I, Section 9, clause 7 - CORRECT
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ANSWER✔✔-"No money shall be drawn from the Treasury, but in | | | | | | | | | |
Consequence of Appropriations made by law..."
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United States v. MacCollom, 426 U.S. 317, 321 (1976) (Affirmative
| | | | | | | | | |
Authority) - CORRECT ANSWER✔✔-"The established rule is that the
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expenditure of public funds is proper only when authorized by
| | | | | | | | | |
Congress, not that public funds may be expended unless prohibited by
| | | | | | | | | | |
Congress."
, U.S. Constitution Article IV, Section 3, clause 2 - CORRECT
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ANSWER✔✔-"The Congress shall have the Power to dispose of and | | | | | | | | | |
make all needful Rules and Regulations respecting the Territory or other
| | | | | | | | | | |
Property belonging to the United States..."
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OUSD(C) and the Deputy General Counsel (Fiscal) carefully examine
| | | | | | | | |
authorization and appropriations acts to determine - CORRECT
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ANSWER✔✔-What operations Congress may have ceased to authorize | | | | | | |
What changes may have been made to existing authorizations
| | | | | | | |
What new operations have been authorized
| | | | |
National Defense Authorization Act (NDAA) - CORRECT ANSWER✔✔-
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authorizes appropriations for a specific fiscal year for military activities
| | | | | | | | | |
of the Department of Defense, military construction, military personnel
| | | | | | | | |
strengths, and other purposes. | | | |
Authoritative guidance used in the analysis of DOD appropriations.
| | | | | | | |
DoD Appropriations Act - CORRECT ANSWER✔✔-*Provides legal (or
| | | | | | | |
budget) authority by an act of Congress that permits Federal agencies to
| | | | | | | | | | |
incur obligations and to make payments out of the Treasury for
| | | | | | | | | | | |
specified purposes. An appropriation usually follows enactment of
| | | | | | | |
authorizing legislation (i.e. NDAA). | | |
*Excludes military construction, military family housing, civil works
| | | | | | | |
projects of the Army Corps of Engineers, and nuclear warheads
| | | | | | | | |
100% COMPLETE SOLUTIONS
Fiscal Law - CORRECT ANSWER✔✔-*The body of law governing the
| | | | | | | | | |
availability and use of Federal funds
| | | | |
*Derived from many sources to include the Constitution, legislative
| | | | | | | | |
appropriations and authorization acts, and Judicial court rulings and
| | | | | | | | |
Comptroller General decisions (Authoritative guidance)
| | | |
Who can appropriate Funds - CORRECT ANSWER✔✔-Only Congress
| | | | | | |
Not executive (President)
| |
U.S. Constitution Article I, Section 9, clause 7 - CORRECT
| | | | | | | | | |
ANSWER✔✔-"No money shall be drawn from the Treasury, but in | | | | | | | | | |
Consequence of Appropriations made by law..."
| | | | |
United States v. MacCollom, 426 U.S. 317, 321 (1976) (Affirmative
| | | | | | | | | |
Authority) - CORRECT ANSWER✔✔-"The established rule is that the
| | | | | | | | |
expenditure of public funds is proper only when authorized by
| | | | | | | | | |
Congress, not that public funds may be expended unless prohibited by
| | | | | | | | | | |
Congress."
, U.S. Constitution Article IV, Section 3, clause 2 - CORRECT
| | | | | | | | | |
ANSWER✔✔-"The Congress shall have the Power to dispose of and | | | | | | | | | |
make all needful Rules and Regulations respecting the Territory or other
| | | | | | | | | | |
Property belonging to the United States..."
| | | | |
OUSD(C) and the Deputy General Counsel (Fiscal) carefully examine
| | | | | | | | |
authorization and appropriations acts to determine - CORRECT
| | | | | | | |
ANSWER✔✔-What operations Congress may have ceased to authorize | | | | | | |
What changes may have been made to existing authorizations
| | | | | | | |
What new operations have been authorized
| | | | |
National Defense Authorization Act (NDAA) - CORRECT ANSWER✔✔-
| | | | | | |
authorizes appropriations for a specific fiscal year for military activities
| | | | | | | | | |
of the Department of Defense, military construction, military personnel
| | | | | | | | |
strengths, and other purposes. | | | |
Authoritative guidance used in the analysis of DOD appropriations.
| | | | | | | |
DoD Appropriations Act - CORRECT ANSWER✔✔-*Provides legal (or
| | | | | | | |
budget) authority by an act of Congress that permits Federal agencies to
| | | | | | | | | | |
incur obligations and to make payments out of the Treasury for
| | | | | | | | | | | |
specified purposes. An appropriation usually follows enactment of
| | | | | | | |
authorizing legislation (i.e. NDAA). | | |
*Excludes military construction, military family housing, civil works
| | | | | | | |
projects of the Army Corps of Engineers, and nuclear warheads
| | | | | | | | |
