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OGC-92-12 1 (1992-07-21)

handle is hein.gao/gaobabrwk0001 and id is 1 raw text is: Comptroller General of the United States 9Washingwn, D.C. 20548 B269.111111111li 147144 July 21, 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 fourth special message for fiscal year 1992 dated March 10, 1992, his fifth through 72nd special messages for fiscal year 1992, dated March 20, 1992, his 73rd special message, dated April 8, 1992, and his 74th through 101st special messages dated April 9, 1992. On May 21, 1992, the Congress passed a rescission bill, H.R. 4990, approving some of the rescissions proposed by the President and rescinding other budget authority. The President signed the bill into law on June 4, 1992. Pub. L. 102-298, Stat. (1991). For that budget authority proposed for rescission but for which the Congress did not pass a rescission bill as defined in section 1011(3) of the Impoundment Control Act (the Act), we have been assured by the Office of Management and Budget that all budget authority withheld pursuant to those proposals has been released for obligation. 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 proposals submitted, the 45-day periods ended on the following dates: for the fourth special message, May 10, 1992; for the fifth through the 72nd special messages, May 20, 1992; for the 73rd special message, June 18, 1992; and for the 74th through the 101st special messages, June 19, 1992. OMB informed us that on May 11, May 21, June 19 and June 20, all funds proposed for rescission but not approved by the Congress within the 45-day period were made available for obligation. We are currently verifying the information. GAO/OGC-92-12

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