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B. Budget and Accounting Procedures Act of 1950

(64 Stat. 832)

This act was the result of the enactment of H.R. 9038, 81st Congress. It was approved on September 12, 1950, as Public Law 784, 81st Congress. The text of the public law appears in volume 64, Statutes at Large, pages 832–845. Its provisions are codified as 5 U.S.C. 118c, 730, 785; 10 U.S.C. 1597; 16 U.S.C. 452; 24 U.S.C.278; 25 U.S.C. 233; 31 U.S.C. various sections 2–687; 39 U.S.C. 769.

A. LEGISLATIVE HISTORY OF PUBLIC Law 784, 81st CONGRESS

1. CONGRESSIONAL RECORD REFERENCES TO DEBATES, ETC.

(Page citations are to vol. 96, Congressional Record) H.R. 9038: To authorize the President to determine the form of the national budget and of departmental estimates, to modernize and simplify governmental accounting and auditing methods and procedures, and for other purposes. Mr. Karsten; Committee on Expenditures in the Executive Departments, 9672. Reported with amendment (H. Rept. 2556), 10126. Made special order (H. Res. 729), 11135. Debated, 11139. Passed House, 11161. In Senate ordered to be placed on calendar, 11172. Amended and passed Senate (in lieu of S. 3850), 12047. Conferees appointed, 13017, 13230. Conference report (H. Rept. 3002) submitted in House and debated, 13770. Referred back to committee, 13872. Reported in House (H. Rept. 3030) and agreed to, 13920, 13983. Examined and signed, 14075, 14141. Approved (Public Law 784), 15028.

S. 3850: To authorize the President to determine the form of the national budget and of departmental estimates, to modernize and simplify governmental accounting and auditing methods and procedures, and for other purposes. Mr. McClellan, Mr. Eastland, Mr. Hoey. Mr. O'Connor, Mr. Humphrey, Mr. Leahy, Mr. Benton, Mr. Ives, Mr. Mundt, Mrs. Smith of Maine, and Mr. Schoeppel; Committee on Expenditures in the Executive Departments, 9426. Reported back (S. Rept. 2031), 9969. Debated, 11060, 12037. Indefinitely postponed (H.R. 9038 passed in lieu), 12047.

2.

SERIAL NUMBERS TO BOUND VOLUMES OF CONGRESSIONAL REPORTS

RELATING TO PUBLIC LAW 784, 81ST CONGRESS

House Report 2556, 81st Congress, 11382.
House Report 3002 (conference), 81st Congress, 11384.
House Report 3030 (conference), 81st Congress, 11384.
Senate Report 2031, 81st Congress, 11370.

3.

TO PUBLIC

LAW

CONGRESSIONAL HEARINGS RELATING

CONGRESS

784, 81ST

House Committee on Expenditures in the Executive Departments, 81st Congress, on H.R. 9038: To authorize the President to determine the form of the national budget and of departmental estimates, to modernize and simplify governmental accounting and auditing methods and procedures, and for other purposes, July 11, 1950.

Senate Committee on Expenditures in the Executive Departments, 81st Congress, on S. 3850. Hearings held July 10, 1950 (not printed). B. TEXT OF Public Law 784, 81st CONGRESS

Budget and

AO

42 Stat. 20.
31 U. 8. C. $11.
Transmiital of

September 12, 1960

AX ACT (H. R. 6038)

To authorize the President to determine the form of the national budget and of (Public Law 784)

departmental estimates, to modernize and simplify governmental accounting and auditing methods and procedures, and for other purposes.

Be it enacted by the Scnate and House of Representatives of the counting Procedures United States of America Congress assembled, That this Act may

be cited as the “Budget and Accounting Procedures Act of 1950”.
TITLE I-BUDGETING AND ACCOUNTING

Part I-BUDGETING Sec. 101. Section 2 of the Budget and Accounting Act, 1921 (42 31 U. 8. C. 12.

Stat. 20), is amended by adding at the end thereof the following: "Appropriations."

"The term “appropriations' includes, in appropriate context, funds and authorizations to create obligations by contract in advance of appropriations, or any other authority making funds available for obligation or expenditure."

Sec. 102. (a) Section 201 of such Act is amended to read as follows:

"Sec. 201. The President shall transmit to Congress during the first Budert to Congross.

fifteen days of each regular session, the Budget, which shall set forth
his Budget message, summary data and test, and supporting detail.
The Budget shall set forth in such form and detail as the President
may determinem

"(a) functions and activities of the Government;
"ib) any other desirable classifications of data;

"(c) a recon- liation of the summary data on expenditures with proposed apprvpriations;

"(d) estimated expenditures and proposed appropriations necessary in his judgment for the support of the Government for the ensuing fiscal year, except that estimated expenditures and proposed appropriations for such year for the legislative branch of the Government and the Supreme Court of the United States shall be transmitted to the President on or before October 15 of each year, and shall be included by him in the Budget without revision;

"(é) estimated receipts of the Government during the ensuing fiscal year, under (1) laws existing at the time the Budget is transmitted and also (2) under the revenue proposals, if any, contained in the Budget;

“(f) actual appropriations, expenditures, and receipts of the Government during the last completed fiscal year;

"(g) estimated expenditures and receipts, and actual or proposed appropriations of the Government during the fiscal year in progress;

42 Stat. 21.
31 U. 3. C. $814,586.

Transmittal to ConGTCSS ol supplamental or doicioncy appropri.

42 Stat. 21.
31 U. 8. C. $13.

42 Stat. 21.

31 U. 8, Q. 5 81, 582, 686, 187, 600, 600,

683; Sup. III,

Supra; post, PD. 838

"(h) balanced statements of (1) the condition of the Treasury at the end of the last completed fiscal year, (2) the estimated condition of the Treasury at the end of the fiscal year in progress, and (3) the estimated condition of the Treasury at the end of the ensuing fiscal year if the financial proposals contained in the Budget are adopted;

"(i) all essential facts regarding the bonded and other indebtodness of the Government; and

"(j) such other financial statements and data as in his opinion are necessary or desirable in order to make known in all prac

ticablo detail the financial condition of the Government." (b) Section 203 of such Act is amended to read as follows:

"Sec. 203. (a) The President from time to time may transmit to Congress such proposed supplemental or deficiency appropriations as in his judgment (1) are necessary on account of laws enacted after ations. the transmission of the Budget, or (2) are otherwise in the public interest. He shall accompany such proposals with a statement of the reasons therefor, including the reasons for their omission from the Budget.

“(b) Whenever such proposed supplemental or deficiency appropriations reach an aggregate which, if they had been contained in the Budget, would have required the President to make a recommendation under subsection (a) of section 202, he shall thereupon make such recommendation."

(c) Section 204 of such Act is amended to read as follows:

“Sec. 204. (a) Except as otherwise provided in this Act, the contents, order, and arrangement of the proposed appropriations and the 623

, Glee0171615, 672; statements of expenditures and estimated expenditures contained in $600 moto et sepi the Budget or transmitted under section 203, and the notes and other 843. data submitted therewith, shall conform to requirements prescribed by the President.

"(b) The Budget, and statements furnished with any proposed supplemental or deficiency appropriations, shall be accompanied by iniormation as to personal services and other objects of expenditure in the same manner and form as in the Budget for the fiscal year 1950: Provided, That this requirement may be waived or modified, either generally or in specific cases, by joint action of the committees of Congress having jurisdiction over appropriation: And provided further, That nothing in this Act shall be construed to limit the authority of committees of Congress to request and receive such information in such forın as they may desire in consideration of and action upon budget estimates."

(d) Section 205 of such Act is amended to read as follows:

“Sec. 205. Whenever any basic change is made in the form of the Budget, the President, in addition to the Budget, shall transmit to Congress such explanatory notes and tables as may be necessary to show where the various items embraced in the Budget of the prior year are contained in the new Budget.”

(e) The last sentence of section 207 of such Act is amended to read as follows: “The Bureau, under such rules and regulations as the 624 Sup. III, 116. President may prescribe, shall prepare the Budget, and any proposed supplemental or deficiency appropriations, and to this end shall have authority to assemble, correlate, revise, reduce, or increase the requests for appropriations of the several departments or establishments." (f) Section 214 of such Act is amended to read as follows:

31 U. 8. C. $ 22. “Sec. 214. The head of each department and establishment shall prepare or cause to be prepared in each year his requests for regular, clons. supplemental, or deficiency appropriations."

42 Stat. 21.

Basio change in Budgct.

Notos, eto., to Coc. gress.

42 Stat. 22.
31 U.8. C. 69 16, 623,

Pox, p. 843.

42 Stat. 23.

Dopartmental re. quests for appropria 42 Stat. 23.

31 U.S. C. $! 23, 6SS, 687, 888, 634, 601, 604.

42 Btst. 23,
31 U. &0. Ik

Ante, p. 832

(g) Section 215 of such Act is amended to read as follows:

"SEC. 215. The head of each department and establishment shall ...posto submit his requists for appropriations to the Bureau on or before a

date which the President shall determine. In case of his failure to do so, the President shall cause such requests to be prepared as are necessary to enable him to include such requests with the Budget in respect to the work of such department or establishment."

(11) Section 216 of such Act is amended to read as follows:

"So. 210. Requests for regular', suppleinental, or deficiency appro. priations which are submitted to the Bureau by the head of any department or establishment shall be prepared and submitted as the President may determine in accordance with the provisions of section 201."

GOVERNMENT STATISTICAL ACTIVITIES Sec. 103. The President, through the Director of the Bureau of the Budget, is authorized and directed to develop programs and to issue regulations and orders for the improved gathering, compiling, analyzing, publishing, and disseminating of statistical information for any purpose by the various agencies in the executive branch of the Government. Such regulations and orders shall be adhered to by such agencies.

IMPROVED ADMINISTRATION OF EXECUTIVE AGENCIES Sec. 104. The President, through the Director of the Bureau of the Budget, is authorized and directed to evaluate and develop improved plans for the organization, coordination, and management of the executive branch of the Government with a view to efficient and economical service.

BUSINESS-TYPE BUDGETS

2. U. B. O. 8847

Sec. 105. The first two sentences of section 102 of the Government Corporation Control Act of 1945 (59 Stat. 597), are amended to read as follows: “Each wholly owned Government corporation shall cause to be prepared annually a business-type budget which shall be submitted to the Bureau of the Budget, under such rules and regulations as the President may establish as to the date of submission, the form and content, the classifications of data, and the manner in which such budget program shall be prepared and presented."

Part II-ACCOUNTING AND AUDITING

SHORT TITLE

Accounting and Auditing Act of 1950.

Sec. i10. This part may be cited as the “Accounting and Auditing
Act of 1950”.

DECLARATION OF POLICY
Sec. 111. It is the policy of the Congress in enacting this part that-

(a) The accounting of the Government provide full disclosure of the results of financial operations, adequate financial information needed in the managen.ent of operations and the formulation and execution of the Budget, and effective control over income, expenditures, funds, property, and other assets.

(b) Full consideration be given to the needs and responsibilities of both the legislative and executive branches in the establishment of accounting and reporting systems and requirements.

(c) The maintenance of accounting systems and the producing of financial reports with respect to the operations of executive agencies, including central facilities for bringing together and

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