31 U.S.C. § 1552 — Procedure for appropriation accounts available for definite periods
submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 93 words · no verdicts yet
A fixed appropriation account closes on a specified date after its obligation period, and late collections go to Treasury miscellaneous receipts.
(a) On September 30 of the fifth fiscal year after a fixed appropriation account’s obligation period ends, the account must close. Any remaining obligated or unobligated balance is canceled and cannot later be used for any obligation or expenditure. (b) Collections that should be credited to the account but were not received before closure under subsection (a) or section 1555 of this title must be deposited in the Treasury as miscellaneous receipts.
On September 30th of the 5th fiscal year after the period of availability for obligation of a fixed appropriation account ends, the account shall be closed and any remaining balance (whether obligated or unobligated) in the account shall be canceled and thereafter shall not be available for obligation or expenditure for any purpose.
Collections authorized or required to be credited to an appropriation account, but not received before closing of the account under subsection (a) or under section 1555 of this title shall be deposited in the Treasury as miscellaneous receipts.
Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 935; Pub. L. 101–510, div. A, title XIV, § 1405(a)(1), Nov. 5, 1990, 104 Stat. 1676.)
- 1982Enacted · Pub. L. 97-258 · 96 Stat. 935
- 1990Amended · Pub. L. 101-510 · 104 Stat. 1676
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.
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