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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
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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 (AntiDeficiency 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
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