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ACG-76-19 1 (1976-03-22)

handle is hein.gao/gaobaabmw0001 and id is 1 raw text is: ... ASSISTANT COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON,. D.C. 20548 ou March 22, 1976 B-115398 S o 6qqq Speaker of the House President of the Senate The purpose of this letter is to report the status of impounded budget authority for 18 proposed rescissions included in the President's seventh (November 18, 1975) and eighth (November 29, 1975) special messages. We will report on the release of R76-26 (Housing and Urban Develop- ment, Housing Production and Mortgage Credit) at a later date. Section 1012(b) of the Impoundment Control Act requires the funds proposed for rescission to be made available for obligation unless the Congress completes action on a rescission bill within a prescribed 45-day period. In these cases, congressional action was not completed and the prescribed 45-day periods expired on February 20, 1976, and February 23, 1976, respectively. For 12 rescissions we are unable to report the release of all the budget authority because, at present, OMB has released only part (FY 1976 portion) of the budget author- ity that was proposed for rescission. The reason for not releasing the total amounts impounded is because the rescis- sion proposals included transition quarter and 1977 fiscal year budget authority which, according to the Antideficiency Act, is not required to be apportioned until 20 days prior to the period in which they become available. The following schedule shows in more detail the present status of the 12 rescission proposals. For the budget author- ity that was released, we have confirmed that OMB has appor- tioned that amount of budget authority to the respective Departments and the Departments have made it available for obligation. ACG-76-19

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