
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC8022]

 
                         TITLE 10--ARMED FORCES
 
                          Subtitle D--Air Force
 
                          PART I--ORGANIZATION
 
                CHAPTER 803--DEPARTMENT OF THE AIR FORCE
 
Sec. 8022. Financial management

    (a) The Secretary of the Air Force shall provide that the Assistant 
Secretary of the Air Force for Financial Management shall direct and 
manage financial management activities and operations of the Department 
of the Air Force, including ensuring that financial management systems 
of the Department of the Air Force comply with subsection (b). The 
authority of the Assistant Secretary for such direction and management 
shall include the authority to--
        (1) supervise and direct the preparation of budget estimates of 
    the Department of the Air Force and otherwise carry out, with 
    respect to the Department of the Air Force, the functions specified 
    for the Under Secretary of Defense (Comptroller) in section 135(c) 
    of this title;
        (2) approve and supervise any project to design or enhance a 
    financial management system for the Department of the Air Force; and
        (3) approve the establishment and supervise the operation of any 
    asset management system of the Department of the Air Force, 
    including--
            (A) systems for cash management, credit management, and debt 
        collection; and
            (B) systems for the accounting for the quantity, location, 
        and cost of property and inventory.

    (b)(1) Financial management systems of the Department of the Air 
Force (including accounting systems, internal control systems, and 
financial reporting systems) shall be established and maintained in 
conformance with--
        (A) the accounting and financial reporting principles, 
    standards, and requirements established by the Comptroller General 
    under section 3511 of title 31; and
        (B) the internal control standards established by the 
    Comptroller General under section 3512 of title 31.

    (2) Such systems shall provide for--
        (A) complete, reliable, consistent, and timely information which 
    is prepared on a uniform basis and which is responsive to the 
    financial information needs of department management;
        (B) the development and reporting of cost information;
        (C) the integration of accounting and budgeting information; and
        (D) the systematic measurement of performance.

    (c) The Assistant Secretary shall maintain a five-year plan 
describing the activities the Department of the Air Force proposes to 
conduct over the next five fiscal years to improve financial management. 
Such plan shall be revised annually.
    (d) The Assistant Secretary of the Air Force for Financial 
Management shall transmit to the Secretary of the Air Force a report 
each year on the activities of the Assistant Secretary during the 
preceding year. Each such report shall include a description and 
analysis of the status of Department of the Air Force financial 
management.

(Added Pub. L. 100-456, div. A, title VII, Sec. 702(c)(2), Sept. 29, 
1988, 102 Stat. 1995; amended Pub. L. 103-337, div. A, title X, 
Sec. 1070(a)(15), Oct. 5, 1994, 108 Stat. 2856; Pub. L. 104-106, div. A, 
title XV, Sec. 1503(b)(1), Feb. 10, 1996, 110 Stat. 512.)


                               Amendments

    1996--Subsec. (a)(1). Pub. L. 104-106 substituted ``Under Secretary 
of Defense (Comptroller)'' for ``Comptroller of the Department of 
Defense''.
    1994--Subsec. (a)(1). Pub. L. 103-337 substituted ``135(c)'' for 
``137(c)''.


                             Effective Date

    Section effective July 1, 1989, but with an earlier effective date, 
not before Jan. 21, 1989, if so prescribed by the President in advance 
by Executive order, see section 702(e)(2) of Pub. L. 100-456, set out as 
an Effective Date of 1988 Amendment note under section 8016 of this 
title.
