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OGC-92-8 1 (1992-04-20)

handle is hein.gao/gaobabrqn0001 and id is 1 raw text is: Comptroller General of the United States Wmhinaon, D.C. 2068 B-246096.7 April 20, 1992 To the President of the Senate and the Speaker of the House of Representatives This letter reports on the status of budget authority that was proposed for rescission by the President in his third special impoundment message for fiscal year 1992, dated February 19, 1992, but for which the Congress has not passed a rescission bill as defined in section 1011(3) of the Impoundment Control Act (the Act). All the budget authority withheld pursuant to the rescission proposal submitted in the third special message has been released for obligation by the Office of Management and Budget (OMB). The rescission proposal for which funds were withheld is set forth in the enclosed listing submitted by the President with his special message. Section 1012(b) of the Act requires that funds proposed for rescission be made available for obligation unless the Congress completes action on rescission bills within the 45- day period of continuous congressional session following the day such proposal is received by the Congress. For the rescission proposal submitted in the third special message the 45-day period ended on April 4, 1992, without the Congress having passed such a bill. We have confirmed that on April 6, 1992, all funds proposed for rescission were made available for obligation. )I4A e& kl4ll;E'*II I Il~l1JlII~ C:n Comptr oll G iner al of the United States 146425 Enclosure GAO/OGC-92-8

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