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B-308011 1 (2006-08-04)

handle is hein.gao/gaocrptastt0001 and id is 1 raw text is: i G A 0 Comptroller General Accountability * Integrtly * Reliability. of the United States United States Government Accountability Office Washington, DC 20548 B-308011 August 4, 2006 The Honorable Thad Cochran Chairman, Committee on Appropriations United States Senate The Honorable Robert C. Byrd Ranking Minority Member Committee on Appropriations United States Senate Subject: Status of Funds Proposed for Cancellation in the President s Fiscal Year 2007Budget On February 6, 2006, President Bush submitted his proposed Budget for Fiscal Year 2007 to Congress. In the Budget he requests cancellation or rescission of previously appropriated funds from 40 programs, administered by 13 agencies.' All of these programs are funded through multiyear, no-year, or advance appropriations. On March 23, 2006, you requested that we undertake an assessment of whether executive branch agencies have withheld funds proposed for cancellation in the Budget. -tit 1K U1e- u iUeLI VU cIact d ciesu iespoisibie for these prograis to obtain information on whether they were withholding funds from obligation in response to the cancellation and rescission proposals in the Budget.2 After evaluating the information provided, we concluded that in only one instance-the Maritime Guaranteed Loan Program Account, administered by the Department of Transportation's Maritime Administration-has an agency withheld funds from obligation in response to proposed cancellations or rescissions in the Budget. The Maritime Guaranteed Loan Program provides for guaranteed loans for purchasers of ships from, and the modernization of, U.S. shipyards. The Budget calls for cancellation of $2 million from the Loan Program account, which contains no-year funds. Appendix, at 904. The Maritime Administration (MARAD) states that this figure represents a recovery of funds resulting from the overestimation of the subsidy costs associated with an earlier loan guarantee. The latest apportionment 'Budget of the United Statcis Government for Fscal Year 2007-Appendix (heeafter Budget), available at www.omb.oybudg!4/a endix.html (last visited July 25, 2006). 2 A detailed scope and methodology appears in Enclosure 1.

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