Module 3fiscal law - Study guides, Class notes & Summaries

What is the basic axiom of fiscal law? The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. What is fiscal law? Fiscal Law is the body of law which governs the availability and use of public funds. What are the sources of fiscal law? The Constitution, Authorization Acts, Appropriation Acts, General Statutes, and CG Decisions & Courts What is the Constit...

The established rule is that the expenditure of public funds is proper only when ________ by Congress, not that public funds may be expended unless prohibited by Congress. - Answer authorized In fiscal law, you can do only what the law authorized you to do. ______ of a law prohibiting you from doing something with your funding doesn't give you the authority to do it; it must be authorized by law in order for you to obligate funds - Answer Absence Are congressional committee reports (l...