CDFM MODULE 3.1 FISCAL LAW QUESTIONS AND ANSWERS 100%ACCURATE.
federal appropriations law can be categorized into which 3 areas - ✅✅purpose time amount
in dod final decisions on fiscal law questions are officially rendered by - ✅✅dod general
counsel, courts
basic types of budget authority used in federal govt - ✅✅appropriations, contract authority,
borrowing authority, monetary credits, offsetting collections and receipts, loan and loan
guarantee authority
annual appropriations remain available for new obligations for - ✅✅new obligations for one fy
om is and example of what appropriation - ✅✅annual
rdte is and example of what appropriation - ✅✅multi year
budget authority does not expire in what type of appropriation - ✅✅no year
article 1, section 9 of us const gives the power to appropriate funds for operating the govt to
what branch - ✅✅legislative
law established the house and senate budget committees and the congressional budget office -
✅✅congressional budget act of 1974
three tests that must be met for use of the necessary expense doctrine - ✅✅logical
relationship, not prohibited by law , not funded elsewhere
determine to be accountable individuals in dod - ✅✅certifying and disbursing officers and
departmental accountable officials
who grants relief of liability to a certifying officer for erroneous or illegal payments in dod -
✅✅dfas
what type of budgetary resource remains available for new obligations for more than one fiscal
year - ✅✅multi year authority
what type of budgetary resource remains available for new obligations until the purpose for
which it was provided is carried out - ✅✅no year authority
what type of congressional resolution can be thought of as a temporary appropriation act -
✅✅continuing resolution
, if contracting officer signs a contract in advance of an appropriation what type of violation has
occurred - ✅✅anti deficiency act
what agency apportions funds for working capital fund? - ✅✅omb
article 1, section 7 - ✅✅empowers congress to pass bills for raising revenue and delineates
how bills will pass
article 1, section 8 - ✅✅empowers congress to collect taxes
article 1, section 9 - ✅✅requires appropriation in law before money may be spent form the
treasury.
red book - ✅✅principles of federal appropriations law by gao
two additional principles to red book - ✅✅specific over general appropriations , do not do
indirectly what you cannot do directly
budget and accounting act of 1921 - ✅✅required president to submit annual budget to
congress for all three branches of govt, created a budget office for the president omb,
established general accounting office gao
31 usc 1301 - ✅✅purpose
31 usc 1502 - ✅✅time
31 usc 1341, 1342, 1517 - ✅✅amount
funds may be obligated and expended only for the purposes authorized in the appropriation -
✅✅purpose
the period of time during the budgetary resource may be used to incur new obligations -
✅✅time
govt employees incentive awards act 5 usc 4503 - ✅✅authorizes and agency head to
recognize superior performance with awards of cash , time off, or merchandise and to incur the
expense determined necessary to enhance recognition
common source of purpose restrictions are found in - ✅✅dod authrizations and
appropriations acts
bona fide need rule - ✅✅only obligate for the material requirements of the period of fund
availability
bona fide need rule occurs in - ✅✅year order is placed not when the good or services are
delivered
federal appropriations law can be categorized into which 3 areas - ✅✅purpose time amount
in dod final decisions on fiscal law questions are officially rendered by - ✅✅dod general
counsel, courts
basic types of budget authority used in federal govt - ✅✅appropriations, contract authority,
borrowing authority, monetary credits, offsetting collections and receipts, loan and loan
guarantee authority
annual appropriations remain available for new obligations for - ✅✅new obligations for one fy
om is and example of what appropriation - ✅✅annual
rdte is and example of what appropriation - ✅✅multi year
budget authority does not expire in what type of appropriation - ✅✅no year
article 1, section 9 of us const gives the power to appropriate funds for operating the govt to
what branch - ✅✅legislative
law established the house and senate budget committees and the congressional budget office -
✅✅congressional budget act of 1974
three tests that must be met for use of the necessary expense doctrine - ✅✅logical
relationship, not prohibited by law , not funded elsewhere
determine to be accountable individuals in dod - ✅✅certifying and disbursing officers and
departmental accountable officials
who grants relief of liability to a certifying officer for erroneous or illegal payments in dod -
✅✅dfas
what type of budgetary resource remains available for new obligations for more than one fiscal
year - ✅✅multi year authority
what type of budgetary resource remains available for new obligations until the purpose for
which it was provided is carried out - ✅✅no year authority
what type of congressional resolution can be thought of as a temporary appropriation act -
✅✅continuing resolution
, if contracting officer signs a contract in advance of an appropriation what type of violation has
occurred - ✅✅anti deficiency act
what agency apportions funds for working capital fund? - ✅✅omb
article 1, section 7 - ✅✅empowers congress to pass bills for raising revenue and delineates
how bills will pass
article 1, section 8 - ✅✅empowers congress to collect taxes
article 1, section 9 - ✅✅requires appropriation in law before money may be spent form the
treasury.
red book - ✅✅principles of federal appropriations law by gao
two additional principles to red book - ✅✅specific over general appropriations , do not do
indirectly what you cannot do directly
budget and accounting act of 1921 - ✅✅required president to submit annual budget to
congress for all three branches of govt, created a budget office for the president omb,
established general accounting office gao
31 usc 1301 - ✅✅purpose
31 usc 1502 - ✅✅time
31 usc 1341, 1342, 1517 - ✅✅amount
funds may be obligated and expended only for the purposes authorized in the appropriation -
✅✅purpose
the period of time during the budgetary resource may be used to incur new obligations -
✅✅time
govt employees incentive awards act 5 usc 4503 - ✅✅authorizes and agency head to
recognize superior performance with awards of cash , time off, or merchandise and to incur the
expense determined necessary to enhance recognition
common source of purpose restrictions are found in - ✅✅dod authrizations and
appropriations acts
bona fide need rule - ✅✅only obligate for the material requirements of the period of fund
availability
bona fide need rule occurs in - ✅✅year order is placed not when the good or services are
delivered
