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OGC-77-2 1 (1976-10-13)

handle is hein.gao/gaobaabtu0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE '%J WASHINGTON, D.C- 20548 OFMCE OF 4GENEA CODUNSEL October 13, 1976 BI I I I I I I LM100248 To the President of the Senate and the Speaker of the House of Representatives The purpo.- - of this letter i3 to report on the status of budget authorih, involved in three rescissions that were pro- posed to, but r .3ected by, the Congress. R76-9/9A Department of Health, Education and Welfare (HEW) Elementary and Secondary Education Program In his seventh (November 18, 1975) special message for Fiscal Year 1976, the President proposed the -escission of $220,403,852 in Fiscal Year 1976, 1977, and Transition Quarter budget authority available fur the Elementary and Secondary Education Program. This proposal was amended by the President on January 23, 1976, (special message R76-9A) which reduced rhe total amount proposed for rescission by $10 million. The Congress did not act favorably on this rescission proposal and the budget authority was required to be made available for obligation on February 20, 1976. On March 22, 1976, we reported to the Congress that a portion of the funds (Fiscal Year 1976) sought for rescis- sion had been released. We have confirmed that the remainder of the budget authority (Fiscal Year 1977) has been made a- vailable for obligation in accordance with law. R76-26 Department of Housing and Urban Development (HUD) State Housing Production and Mortgage Credit Housino Finance and Development Agencies Budget authority amounting up to $600 million for this program was proposed for rescission in the President's eighth special message for Fiscal Year 1976 on November 29, 1975. Specifically, contract authority of $15 million in annual Federal assistance payments for a period of 40 years was :-ught for cescission. Regarding Fiscal Year 1976, the $15 million provided in the HUD appropriation (Pub. L. 94-116) 0GC-77-2 uwC,,,

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