
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: 31USC1502]

 
                       TITLE 31--MONEY AND FINANCE
 
                     SUBTITLE II--THE BUDGET PROCESS
 
                  CHAPTER 15--APPROPRIATION ACCOUNTING
 
                          SUBCHAPTER I--GENERAL
 
Sec. 1502. Balances available

    (a) The balance of an appropriation or fund limited for obligation 
to a definite period is available only for payment of expenses properly 
incurred during the period of availability or to complete contracts 
properly made within that period of availability and obligated 
consistent with section 1501 of this title. However, the appropriation 
or fund is not available for expenditure for a period beyond the period 
otherwise authorized by law.
    (b) A provision of law requiring that the balance of an 
appropriation or fund be returned to the general fund of the Treasury at 
the end of a definite period does not affect the status of lawsuits or 
rights of action involving the right to an amount payable from the 
balance.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 928.)

                                          Historical and Revision Notes
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---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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1502(a)..............................  31:200(d).                      Aug. 26,
 1954, ch. 935, Sec.  1311(d), 68
                                                                        Stat. 8
31.
                                       31:712a.                        July 6, 
1949, ch. 299, Sec.  1, 63 Stat.
                                                                        407.
1502(b)..............................  31:665b.                        July 1, 
1973, Pub. L. 93-52, Sec.  111,
                                                                        87 Stat
. 134.
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    Subsection (a) restates the source provisions to eliminate 
unnecessary words and for consistency.
    In subsection (b), the words ``balance of an appropriation or fund'' 
are substituted for ``unexpended funds'' for clarity and consistency in 
the revised chapter.


 Availability of Energy and Water Development Appropriations Limited to 
                    Fiscal Year In Which Appropriated

    Pub. L. 102-377, title V, Sec. 501, Oct. 2, 1992, 106 Stat. 1342, 
provided that: ``No part of any appropriation contained in this Act or 
subsequent Energy and Water Development Appropriations Acts shall remain 
available for obligation beyond the fiscal year specified in such Acts 
therein unless expressly so provided therein.''

                  Section Referred to in Other Sections

    This section is referred to in title 19 section 2345; title 38 
section 114; title 49 section 5309.
