
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: 31USC1556]

 
                       TITLE 31--MONEY AND FINANCE
 
                     SUBTITLE II--THE BUDGET PROCESS
 
                  CHAPTER 15--APPROPRIATION ACCOUNTING
 
                     SUBCHAPTER IV--CLOSING ACCOUNTS
 
Sec. 1556. Comptroller General: reports on appropriation 
        accounts
        
    (a) In carrying out audit responsibilities, the Comptroller General 
shall report on operations under this subchapter to--
        (1) the head of the agency concerned;
        (2) the Secretary of the Treasury; and
        (3) the President.

    (b) A report under this section shall include an appraisal of unpaid 
obligations under fixed appropriation accounts for which the period of 
availability for obligation has ended.

(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
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
1556(a)..............................  31:703(b)(1st sentence words    July 25,
 1956, ch. 727, Sec.  3(b), 70
                                        before 4th comma).              Stat. 6
49; Reorg. Plan No. 2 of 1970,
                                                                        eff. Ju
ly 1, 1970, Sec.  102(a), 84
                                                                        Stat. 2
085.
1556(b)..............................  31:703(b)(1st sentence words
                                        after 4th comma, last
                                        sentence).
-------------------------------------------------------------------------------
---------------------------------

    In the section, the word ``President'' is substituted for ``Director 
of the Office of Management and Budget'' because sections 101 and 102(a) 
of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) 
designated the Bureau of the Budget as the Office of Management and 
Budget and transferred all functions of the Bureau to the President.


                               Amendments

    1990--Pub. L. 101-510 substituted ``General: reports'' for ``General 
reports'' in section catchline and amended text generally. Prior to 
amendment, text read as follows:
    ``(a) In carrying out audit responsibilities, the Comptroller 
General shall report on operations under this subchapter to--
        ``(1) the head of the agency concerned;
        ``(2) the Secretary of the Treasury; and
        ``(3) the President.
    ``(b) A report under this section shall include an appraisal of 
unpaid obligations under appropriation accounts established under 
section 1552 of this title. By the 30th day after receiving a report, 
the head of the agency concerned shall carry out actions required by 
section 1554 of this title that the report shows is necessary.''


                    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.
