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31 U.S.C. § 1502 — Balances available
Federal law — U.S. Code and appendices · legal_authorities
**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1501&num=0&edition=prelim). 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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1502
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Source file: Laws/federal/codes/united-states-code/title-31/section-1502-balances-available--f68acc1725.md
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Source location: Title 31, Chapter 15, § 1502; chapter-015-appropriation-accounting.md
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**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1501&num=0&edition=prelim). 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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** An amount shall be recorded as an obligation of the United States Government only when supported by documentary evidence of—
(1) a binding agreement between an agency and another person (including an agency) that is—
(A) in writing, in a way and form, and for a purpose authorized by law; and
(B) executed before the end of the period of availability for obligation of the appropriation or fund used for specific goods to be delivered, real property to be bought or leased, or work or service to be provided;
(2) a loan agreement showing the amount and terms of repayment;
(3) an order required by law to be placed with an agency;
(4) an order issued under a law authorizing purchases without advertising—
(A) when necessary because of a public exigency;
(B) for perishable subsistence supplies; or
(C) within specific monetary limits;
(5) a grant or subsidy payable—
(A) from appropriations made for payment of, or contributions to, amounts required to be paid in specific amounts fixed by law or under formulas prescribed by law;
(B) under an agreement authorized by law; or
(C) under plans approved consistent with and authorized by law;
(6) a liability that may result from pending litigation;
(7) employment or services of persons or expenses of travel under law;
(8) services provided by public utilities; or
(9) other legal liability of the Government against an available appropriation or fund.
**(b)** A statement of obligations provided to Congress or a committee of Congress by an agency shall include only those amounts that are obligations consistent with subsection (a) of this section.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1501
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Federal law — U.S. Code and appendices · legal_authorities
Page 190
TITLE 31—MONEY AND FINANCE
§ 1502
(7) employment or services of persons or ex-
penses of travel under law;
(8) services provided by public utilities; or
(9) other legal liability of the Government
against an available appropriation or fund.
(b) A statement of obligations provided to
Congress or a committee of Congress by an
agency shall include only those amounts that
are obligations consistent with subsection (a) of
this section.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 927.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
1501(a) .....
31:200(a).
Aug. 26, 1954, ch. 935, § 1311(a),
(e), 68 Stat. 830, 831.
1501(b) .....
31:200(e).
In subsection (a), before clause (1), the words ‘‘After
August 26, 1954’’ are omitted as executed. In clause (1),
the words ‘‘an agency and another person (including an
agency)’’ are substituted for ‘‘the parties thereto, in-
cluding Government agencies’’ for clarity. In clause (2),
the word ‘‘valid’’ is omitted as unnecessary. In clause
(6), the words ‘‘brought under authority of law’’ are
omitted as surplus. In clause (9), the word ‘‘legally’’ is
omitted as surplus.
In subsection (b), the words ‘‘consistent with’’ are
substituted for ‘‘as defined in’’ for clarity and for con-
sistency with section 1108 of the revised title. The word
‘‘valid’’ is omitted as unnecessary.
§ 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 ap-
propriation or fund is not availab
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 1502
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.