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B-167790 1 (1977-09-22)

handle is hein.gao/gaobadfas0001 and id is 1 raw text is: 









                          DOCUMENT RESUME

 03468 - [A2693857]

 [Agroecnt between the Department 'of Housing and Urban
 Development and the Aruy Carps of Engineers on Flood Insurance
 Stadies). E-167790. September 22, 1977. 4 pp.

 Decision re: Department of Housing and Urban Development;
 Department cf the Army: Corps of Ingineers; by Robert .  Keller,
 teputy Comptrcller Ceneral.

 Issue Area: Invirctmental Protection Programs (2200).
 Contact: Office of the General Counsel: General Government
    Matters.
Budget Function: Miscellaneous: Financial Management and
    Information SyEteris (1002) ; Natural Resources, Environment,
    and Energy  (300).
Authority: kconcay Act  (31 U.S.C. 6SS). National Flood Insurance
    Act of 1968, as amended  (42 U.S.C. 4001 et seq.). 31 U.S.C.
    200(a) (1). 34 Coup. Gen. 418. 55 Coop. Gen. 1497. 51 Comp.
    Gen. 766. 52 Coup. Gen. 128.

         The Secretary of the Army requested an opinion on
whether an agreement entered into by the Department of Housing
and urban Development  (HUD) and the Army Corps of Engineers for
the performance of flood insurance studies is exempted from the
requirements of the Economy Act so that funds transferred from
HOD to the Corps remain available to finance performance of such
studies beyond the end of the fiscal year for which the funds
were appropriated. Under this agreement, HUD appropriations are
obligated and remain fully payable from appropriations initially
charged for order regardless of when performance occurs.
Agreement for flood insurance studies is authorized by statutory
provisions other than the Econcmy Act and is, therefore, not
subject to the unique obligation treatment applicable to Economy
Act transactions. (Author/HT)

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