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MASAD-81-22 1 (1981-04-01)

handle is hein.gao/gaobabbwp0001 and id is 1 raw text is: 
RELEASED


BESTIFWCT-M   Mek q N r,,iasd cvJde We General
Acc,      ,,                  e as,, , cific approval
by the G jV  C- .


BY THE COMPTROLLER GENERAL

Report To The Chairman, Subcommittee On

Defense, Committee On Appropriations

House Of Representatives

OF THE UNITED STATES


Need To Extend

The Period Of Availability

For Navy Shipbuilding Funds


The Navy has requested that the current 5-year
time limit for obligation of shipbuilding and
conversion funds be extended to 7 years.


Because construction times average 6 to 7
years, the Navy has been unable to obligate the
total full-funding dollars approved for ship-
building programs within the 5-year period. In
most cases, additional work needsto be funded
after the appropriations have expired. To fi-
nance the completion of ship construction, the
Navy has requested, and obtained, special
funding extensions. Also, funds   made
available by the Congress on an annual basis
to cover cost growth in the programs have
been used to fund work beyond the initial 5
years.


MASAD-81-22
APR I L 1, 1981


6


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115142

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