
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: 31USC1555]

 
                       TITLE 31--MONEY AND FINANCE
 
                     SUBTITLE II--THE BUDGET PROCESS
 
                  CHAPTER 15--APPROPRIATION ACCOUNTING
 
                     SUBCHAPTER IV--CLOSING ACCOUNTS
 
Sec. 1555. Closing of appropriation accounts available for 
        indefinite periods
        
    An appropriation account available for obligation for an indefinite 
period shall be closed, and any remaining balance (whether obligated or 
unobligated) in that account shall be canceled and thereafter shall not 
be available for obligation or expenditure for any purpose, if--
        (1) the head of the agency concerned or the President determines 
    that the purposes for which the appropriation was made have been 
    carried out; and
        (2) no disbursement has been made against the appropriation for 
    two consecutive fiscal years.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 937; Pub. L. 101-510, div. A, 
title XIV, Sec. 1405(a)(1), Nov. 5, 1990, 104 Stat. 1678.)

                                          Historical and Revision Notes
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           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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1555(a)..............................  31:706(less proviso).           July 25,
 1956, ch. 727, Sec.  6, 70 Stat.
                                                                        649.
1555(b)..............................  31:706(proviso).
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---------------------------------

    In subsection (a), the words ``indefinite period'' are substituted 
for ``not limited to a definite period of time'' for consistency in the 
revised title. The words ``consecutive fiscal years'' are substituted 
for ``full consecutive fiscal years'' to eliminate an unnecessary word.
    In subsection (b), the words ``or were heretofore withdrawn from the 
appropriation account by administrative action'' are omitted as 
executed.


                               Amendments

    1990--Pub. L. 101-510 substituted ``Closing of appropriation 
accounts available'' for ``Withdrawal of unobligated balances of 
appropriations'' in section catchline and amended text generally. Prior 
to amendment, text read as follows:
    ``(a) An unobligated balance of an appropriation for an indefinite 
period shall be withdrawn in the way provided in section 1552(a)(2) of 
this title when the head of the agency concerned decides that the 
purposes for which the appropriation was made have been carried out or 
when no disbursement is made against the appropriation for 2 consecutive 
fiscal years.
    ``(b) An amount of an appropriation withdrawn under this section may 
be restored to the applicable appropriation account to pay obligations 
and to settle accounts.''


                    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 section 1552(a)(1) of this title, 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.

                  Section Referred to in Other Sections

    This section is referred to in sections 1552, 1553, 1554 of this 
title.
