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Fiscal Law Questions with Correct Answers.
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Fiscal Law Questions with Correct Answers.
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Fiscal Law Questions with Correct AnswersAffirmative Authority governed by what: - Correct Answer - • The U.S. Constitution
• Legislative Appropriations and Authorization Acts
• Judicial Court Rulings and Comptroller General decisions
DoD AA - Correct Answer - Depart of Defense Appropriations Act
NDAA - Correct Answer - National Defense Authorization Act
Necessary Expense Defined - Correct Answer - • Must be reasonably necessary
• Doesn't have to be only or best way
• Determinations are fact, agency, and purpose specific; AFI65-601.
Purpose: - Correct Answer - - Is there a proper appropriation available for the specific expenditure?
- If no appropriation is available you need to request congress create one
Purpose 3-Part Test - Correct Answer - - Expenditure must be for a statutory purpose or
necessary/incident to the general purpose of the appropriation
- Expenditure must not be prohibited by law
- Expenditure must not be otherwise provided for in another appropriation; AFI65-601
Time: - Correct Answer - Determine if the appropriation is available
- When the goods/services are needed
- When the obligation was made or adjusted
- When funds are disbursed from Treasury
Agencies may not obligate in advance of: - Correct Answer - - An enacted appropriation
- Receipt of funds from HHQ
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