Impoundments: Status of Budget Authority Proposed for Rescission or
Deferral (Letter Report, 04/07/94, GAO/OGC-94-21).

On February 7, 1994, the President submitted to Congress his fourth
special impoundment message for fiscal year 1994.  The message reports
27 proposed rescissions of budget authority and revises the amounts of
three rescissions already reported.  On February 11, Congress passed
legislation, which the President signed into law, approving 25 of the
proposed rescissions.  Congress took no action on five rescissions of
budget authority.  GAO reviewed these five proposals and found the
information on the budget authority presented in the President's message
to be correct.  GAO and the Office of Management and Budget agree that
the 45-day period for Congress to act on these outstanding rescissions
will end on April 19, 1994.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  OGC-94-21
     TITLE:  Impoundments: Status of Budget Authority Proposed for 
             Rescission or Deferral
      DATE:  04/07/94
   SUBJECT:  Appropriated funds
             Presidential messages
             Budget administration
             Deferral of budget authority
             Budget obligations
             Impoundment
             Unobligated budget balances
             Budget authority rescission
             Budget apportionment
             Federal aid programs
IDENTIFIER:  Economic Support Fund
             Federal Buildings Fund
             HUD Homeownership Opportunities for People Everywhere 
             Program
             Rural Housing Insurance Fund
             Agricultural Credit Insurance Fund
             
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