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Impoundment Control: President's Third Special Message for FY 92

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Report Type Reports and Testimonies
Report Date March 25, 1992
Report No. OGC-92-5
Subject
Summary:

On February 19, 1992, the President submitted to Congress his third special impoundment message for fiscal year 1992. This message reports one proposed rescission of budget authority and one new deferral. It also revises the amount of one deferral already reported. GAO found the deferrals, which involve international disaster assistance funds at the Agency for International Development and timber salvage funds at the Forest Service, to be in accordance with the Impoundment Control Act. Funds proposed for rescission must be made available for obligation unless Congress acts on rescission bills within a 45-day period after receiving the proposal. GAO and the Office of Management and Budget agree that the 45-day period ends on April 4, 1992.

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