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OGC-86-5 1 (1986-02-25)

handle is hein.gao/gaobabnwq0001 and id is 1 raw text is: COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON D.C, 20 February 25, 1986 B-l220532 11111llli1lllli 129188 To the President of the Senate and the Speaker of the House of Representatives On February 5, 1986, the President's third special message for fiscal year 1986 was submitted to the Congress pursuant to the Impoundment Control Act of 1974. This letter is our report, as required by section 1014(b) of the Act, 2 U.S.C. § 685, on one deferral in that message, affecting budget authority for the Strategic Petroleum Reserve (SPR). We conclude, for the reasons given below, that of the $197.9 million deferred, the withhold- ing of $156.8 million is not in accordance with existing statu- tory authority. We do not in this report question the deferral of the remaining $41,140,825 of budget authority. We are continuing to examine this deferral, and will advise you if we conclude that it, too, is impermissible under the Impoundment Control Act. We will report separately on the remainder of the third special message. DEPARTMENT OF ENERGY D86-37 Energy Programs Strategic Petroleum Reserve Amount Deferred: $197,940,825 89X0218 This deferral involves budget authority provided the Department of Energy (DOE) for the development, operation, and management of the SPR. This account was the subject of a defer- ral in fiscal year 1985. On February 6, 1985, the President announced a deferral of $270,738,000 in budget authority for the SPR (Deferral No. 85-31A). He explained that the deferred funds consisted of appropriations for the construction of crude oil storage facilities and resulted from his proposed indefinite moratorium on further development of the SPR. The President indicated that he would reassess the moratorium as fiscal and oil market conditions warrant. In August 1985, however, the Congress passed and the President signed the Supplemental Appropriations Act for fiscal year 1985 expressly disapproving the deferral and directing that GA/ OGC-86-5

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