
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: 31USC1552]

 
                       TITLE 31--MONEY AND FINANCE
 
                     SUBTITLE II--THE BUDGET PROCESS
 
                  CHAPTER 15--APPROPRIATION ACCOUNTING
 
                     SUBCHAPTER IV--CLOSING ACCOUNTS
 
Sec. 1552. Procedure for appropriation accounts available for 
        definite periods
        
    (a) On September 30th of the 5th fiscal year after the period of 
availability for obligation of a fixed appropriation account ends, the 
account shall be closed and any remaining balance (whether obligated or 
unobligated) in the account shall be canceled and thereafter shall not 
be available for obligation or expenditure for any purpose.
    (b) Collections authorized or required to be credited to an 
appropriation account, but not received before closing of the account 
under subsection (a) or under section 1555 of this title shall be 
deposited in the Treasury as miscellaneous receipts.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 935; Pub. L. 101-510, div. A, 
title XIV, Sec. 1405(a)(1), Nov. 5, 1990, 104 Stat. 1676.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
1552(a)..............................  31:701(a)(1).                   July 25,
 1956, ch. 727, Sec.  1(a)(1), 70
                                                                        Stat. 6
47; restated July 12, 1974, Pub.
                                                                        L. 93-3
44, Sec.  503(a), 88 Stat. 321.
                                       31:701(a)(2).                   July 25,
 1956, ch. 727, Sec.  1(a)(2), 70
                                                                        Stat. 6
48; June 29, 1960, Pub. L. 86-
                                                                        533, Se
c.  1(25), 74 Stat. 249.
                                       31:701(b).                      July 25,
 1956, ch. 727, Sec.  1(b), 70
                                                                        Stat. 6
48; restated July 12, 1974, Pub.
                                                                        L. 93-3
44, Sec.  503(b), 88 Stat. 322;
                                                                        Apr. 21
, 1976, Pub. L. 94-273, Sec.  45,
                                                                        90 Stat
. 382.
1552(b)..............................  31:701(c)(last sentence).       July 25,
 1956, ch. 727, Secs.  1(c)(last
                                                                        sentenc
e), (d), 5, 70 Stat. 648, 649.
1552(c)..............................  31:701(d).
1552(d)..............................  31:705.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the text of 31:701(b)(1)(A) and (2)(A) and the 
words ``for the period commencing on July 1, 1976, and ending on 
September 30, 1976, and for any fiscal year commencing on or after 
October 1, 1976'' are omitted as executed.
    In subsection (a)(1), the words ``period of availability ends'' are 
substituted for ``that period or the fiscal year or years, as the case 
may be, for which the appropriation is available for obligation'' to 
eliminate unnecessary words.
    In subsection (a)(2), the words ``reverts to the Treasury'' are 
substituted for ``if the appropriation was derived in whole or in part 
from the general fund, shall revert to such fund'' to eliminate 
unnecessary words.
    In subsection (b), the words ``not received before'' are substituted 
for ``not received until after'' for clarity. The words ``unless 
otherwise authorized by law'' are omitted as surplus. The words 
``Comptroller General'' are substituted for ``General Accounting 
Office'' for consistency.
    In subsection (c), the text of 31:701(d)(last sentence) is omitted 
as executed.
    In subsection (d), before clause (1), the word ``heading'' is 
substituted for ``heads'' for clarity and consistency.


                               Amendments

    1990--Pub. L. 101-510 amended text generally, revising and restating 
former subsecs. (a) to (d) as subsecs. (a) and (b).


                    Effective Date of 1990 Amendment

    Amendment by Pub. L. 101-510 applicable to any appropriation account 
the obligated balance of which, on Nov. 5, 1990, has not been 
transferred under subsec. (a)(1) of this section, as in effect Nov. 4, 
1990, with transitional provisions, see section 1405(b) of Pub. L. 101-
510, set out as a note under section 1551 of this title.


          Audit of Obligated Balances of Department of Defense

    Section 1406 of Pub. L. 101-510 provided that:
    ``(a) Audit Requirement.--The Secretary of Defense shall provide for 
an audit of each account of the Department of Defense established under 
paragraph (1) of section 1552(a) of title 31, United States Code, as in 
effect on the day before the date of the enactment of this Act [Nov. 5, 
1990]. The audit shall, with respect to each such account, identify--
        ``(1) the balance in the account;
        ``(2) the amount of such balance that is considered by the 
    Secretary (as of the time of the audit) to represent amounts 
    required for valid obligations (as supported by documentary evidence 
    as required by section 1501 of title 31) and the amount of such 
    balance that is considered by the Secretary (as of the time of the 
    audit) to represent amounts for obligations that are considered no 
    longer valid;
        ``(3) the sources of amounts in the account, shown by fiscal 
    year and by amount for each fiscal year; and
        ``(4) such other matters as the Secretary considers appropriate.
    ``(b) Deobligation of Obligations No Longer Valid.--Any obligated 
amounts in accounts of the Department of Defense established under 
paragraph (1) of section 1552(a) of title 31, United States Code, that 
are determined pursuant to the audit under subsection (a) to represent 
amounts for obligations that are no longer valid shall be deobligated 
and canceled.
    ``(c) Report on Audit.--Not later than December 31, 1991, the 
Secretary of Defense shall submit to Congress a report containing the 
results of the audit conducted pursuant to subsection (a). The report 
shall set forth--
        ``(1) the information required to be identified pursuant to 
    subsection (a); and
        ``(2) for each appropriation account (A) the average length of 
    time funds have been obligated, (B) the average size of the 
    obligation, and (iii)[(C)] the object classification of the 
    obligations, all shown for total obligations and separately for 
    valid obligations and obligations that are no longer valid.''

                  Section Referred to in Other Sections

    This section is referred to in sections 1553, 1554, 1558 of this 
title; title 10 sections 2216, 2410m; title 50 section 403f.
