2002 U.S. Code
Title 31 - MONEY AND FINANCE
SUBTITLE II - THE BUDGET PROCESS
CHAPTER 15 - APPROPRIATION ACCOUNTING
SUBCHAPTER I - GENERAL
Sec. 1502 - Balances available
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 2, Title 31 - MONEY AND FINANCE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 31 - MONEY AND FINANCE SUBTITLE II - THE BUDGET PROCESS CHAPTER 15 - APPROPRIATION ACCOUNTING SUBCHAPTER I - GENERAL Sec. 1502 - Balances available |
| Contains | section 1502 |
| Date | 2002 |
| Laws in Effect as of Date | January 6, 2003 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 928. |
| Statutes at Large References | 63 Stat. 407 68 Stat. 831 87 Stat. 134 96 Stat. 928 106 Stat. 1342 |
| Public Law References | Public Law 93-52, Public Law 97-258, Public Law 102-377 |
§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.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 1502(a) | 31:200(d). | Aug. 26, 1954, ch. 935, §1311(d), 68 Stat. 831. |
| 31:712a. | July 6, 1949, ch. 299, §1, 63 Stat. 407. | |
| 1502(b) | 31:665b. | July 1, 1973, Pub. L. 93–52, §111, 87 Stat. 134. |
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 AppropriatedPub. L. 102–377, title V, §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 SectionsThis section is referred to in title 19 section 2345; title 38 section 114; title 49 section 5309.
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