Fiscal Law EXAM QUESTIONS WITH COMPLETE SOLUTIONS

Fiscal Law EXAM QUESTIONS WITH
COMPLETE SOLUTIONS

Affirmative Authority governed by what: - CORRECT ANSWER✔✔-• The
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U.S. Constitution
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• Legislative Appropriations and Authorization Acts
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• Judicial Court Rulings and Comptroller General decisions
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DoD AA - CORRECT ANSWER✔✔-Depart of Defense Appropriations Act
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NDAA - CORRECT ANSWER✔✔-National Defense Authorization Act
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Necessary Expense Defined - CORRECT ANSWER✔✔-• Must be
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reasonably necessary |




• Doesn't have to be only or best way
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• Determinations are fact, agency, and purpose specific; AFI65-601.
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Purpose: - CORRECT ANSWER✔✔-- Is there a proper appropriation
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available for the specific expenditure?
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- If no appropriation is available you need to request congress create
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one

, Purpose 3-Part Test - CORRECT ANSWER✔✔-- Expenditure must be for a
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statutory purpose or necessary/incident to the general purpose of the
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appropriation
- Expenditure must not be prohibited by law
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- Expenditure must not be otherwise provided for in another
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appropriation; AFI65-601 |




Time: - CORRECT ANSWER✔✔-Determine if the appropriation is
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available
| - When the goods/services are needed
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| - When the obligation was made or adjusted
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| - When funds are disbursed from Treasury
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Agencies may not obligate in advance of: - CORRECT ANSWER✔✔-- An
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enacted appropriation |




- Receipt of funds from HHQ
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Bona Fide Need Rule - CORRECT ANSWER✔✔-May only obligate to
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meet a legitimate need arising in the fiscal year(s) for which the
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appropriation was made | |