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OGC-81-11 1 (1981-05-18)

handle is hein.gao/gaobabbyl0001 and id is 1 raw text is: 0CJTIO/, UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 IN REPL: B-200685 OFFICE OF GENERAL COUNSEL May 18, 1981 To the President of the Senate and theE 11111I I Speaker of the House of Representatives 115318 The purpose of this letter is to report on the status of budget authority that was proposed, but rejected, for rescis- sion. In the President's sixth special message for fiscal year 1981, dated March 10, 1981, the President proposed three rescissions totalling $128.0 million in budget authority. The funds had been appropriated to the Department of Interior for the Youth Conservation Corps (R81-35), to the Treasury for investments in the National Consumer Cooperative Bank (R81-36) and to the Bank for the Self-Help Development and Technical Assistance fund (R81-37). Section 1012(b) of the Impoundment Control Act requires that funds proposed for rescission be made available for obli- gation, unless the Congress completes action on a rescission bill within the 45-day period of continuous congressional ses- sion following the day such a proposal is received by the Con- gress. For rescission proposals R81-35, R81-36 and R81-37, the 45-day period ended on May 10, 1981, without the Congress having passed such a bill. We have confirmed that on May 11, 1981, the subject bud- get authority was apportioned by the Office of Management and Budget to the Department of Interior, Department of Treasury, and the National Consumer Cooperative Bank, and that the funds were allotted to the program. Harry R. Van Cleve Acting General Counsel ,+., OGC-81-11 ,,j'' '/

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