
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: 31USC3513]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                  CHAPTER 35--ACCOUNTING AND COLLECTION
 
    SUBCHAPTER II--ACCOUNTING REQUIREMENTS, SYSTEMS, AND INFORMATION
 
Sec. 3513. Financial reporting and accounting system

    (a) The Secretary of the Treasury shall prepare reports that will 
inform the President, Congress, and the public on the financial 
operations of the United States Government. The reports shall include 
financial information the President requires. The head of each executive 
agency shall give the Secretary reports and information on the financial 
conditions and operations of the agency the Secretary requires to 
prepare the reports.
    (b) The Secretary may--
        (1) establish facilities necessary to prepare the reports; and
        (2) reorganize the accounting functions and procedures and 
    financial reports of the Department of the Treasury to develop an 
    effective and coordinated system of accounting and financial 
    reporting in the Department that will integrate the accounting 
    results for the Department and be the operating center for 
    consolidating accounting results of other executive agencies with 
    accounting results of the Department.

    (c) The Comptroller General shall--
        (1) cooperate with the Secretary in developing and establishing 
    the reporting and accounting system under this section; and
        (2) approve the system when the Comptroller General considers it 
    to be adequate and in conformity with the principles, standards, and 
    requirements prescribed under section 3511 of this title.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 960.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
3513(a)..............................  31:66b(a).                      Sept. 12
, 1950, ch. 946, Sec.  114(a), 64
                                                                        Stat. 8
36; Reorg. Plan No. 2 of 1970,
                                                                        eff. Ju
ly 1, 1970, Sec.  102(a), 84
                                                                        Stat. 2
085.
3513(b)..............................  31:66b(b).                      Sept. 12
, 1950, ch. 946, Secs.
                                                                        112(b)(
related to Treasury Department),
                                                                        114(b),
 (c), 64 Stat. 835, 836.
3513(c)..............................  31:66(b)(related to Treasury
                                        Department).
                                       31:66b(c).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the words ``the results of'' are omitted as 
surplus. The words ``The report'' are substituted for ``Provided, That'' 
for clarity. The word ``information'' is substituted for ``data'' for 
consistency. 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) 
redesignated the Bureau of the Budget as the Office of Management and 
Budget and transferred all functions of the Bureau to the President. The 
words ``in connection with the preparation of the Budget or for other 
purposes of the Office'' are omitted as unnecessary. The words ``The 
head of'' are added for consistency in the revised title and with other 
titles of the United States Code. The words ``by rules and regulations'' 
are omitted as unnecessary because of section 321(b) of this title. The 
words ``to prepare the reports'' are substituted for ``for the effective 
performance of his responsibilities under this section'' for clarity and 
to eliminate unnecessary words.
    In subsection (b)(2), the words ``install, revise, or eliminate'', 
``the several bureaus and offices of'', ``with such concentration of 
accounting and reporting as is necessary'', and ``the activities of'' 
are omitted as surplus. The word ``be'' is substituted for ``provide'' 
for clarity. The text of 31:66b(b)(last sentence) is omitted as 
unnecessary because of section 321 of this title.
    In subsection (c), before clause (1), the text of 31:66b(c) is 
omitted as unnecessary. The words ``Comptroller General'' are 
substituted for ``General Accounting Office'' for consistency. In clause 
(1), the word ``Secretary'' is substituted for ``Treasury Department'' 
in 31:66(b)(related to Treasury Department) for consistency. The word 
``central'' is omitted as surplus. In clause (2), the word ``considers'' 
is substituted for ``deemed'' as being more precise. The words ``under 
section 3511 of this title'' are substituted for ``by him'' for clarity.

                  Section Referred to in Other Sections

    This section is referred to in sections 3501, 3512 of this title.
