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31 U.S.C. § 1102 — Fiscal year

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 1102 — Fiscal year

The fiscal year of the Treasury begins on October 1 of each year and ends on September 30 of the following year. Accounts of receipts and expenditures required under law to be published each year shall be published for the fiscal year.

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Source location: Title 31, Chapter 11, § 1102; chapter-011-the-budget-and-fiscal-budget-and-program-information.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5228 — Oversight and audits

**(a) Comptroller General oversight** (1) **Scope of oversight** — The Comptroller General of the United States shall, upon establishment of the troubled assets relief program 11 So in original. Probably should be “Troubled Asset Relief Program”. under this chapter (in this section referred to as the “TARP”), commence ongoing oversight of the activities and performance of the TARP and of any agents and representatives of the TARP (as related to the agent or representative’s activities on behalf of or under the authority of the TARP), including vehicles established by the Secretary under this chapter. The subjects of such oversight shall include the following: (A) The performance of the TARP in meeting the purposes of this chapter, particularly those involving— (i) foreclosure mitigation; (ii) cost reduction; (iii) whether it has provided stability or prevented disruption to the financial markets or the banking system; (iv) whether it has protected taxpayers; and (v) public accountability for the exercise of such authority, including with respect to actions taken by those entities participating in programs established under this chapter. (B) The financial condition and internal controls of the TARP, its representatives and agents. (C) Characteristics of transactions and commitments entered into, including transaction type, frequency, size, prices paid, and all other relevant terms and conditions, and the timing, duration and terms of any future commitments to purchase assets. (D) Characteristics and disposition of acquired assets, including type, acquisition price, current market value, sale prices and terms, and use of proceeds from sales. (E) Efficiency of the operations of the TARP in the use of appropriated funds. (F) Compl

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 661c — Purposes

The purposes of this subchapter are to— (1) measure more accurately the costs of Federal credit programs; (2) place the cost of credit programs on a budgetary basis equivalent to other Federal spending; (3) encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries; and (4) improve the allocation of resources among credit programs and between credit and other spending programs.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 1102 — Fiscal year

Page 121 TITLE 31—MONEY AND FINANCE § 1104 [see Short Title of 1993 Amendment note set out above] may be construed as— ‘‘(1) creating any right, privilege, benefit, or enti- tlement for any person who is not an officer or em- ployee of the United States acting in such capacity, and no person who is not an officer or employee of the United States acting in such capacity shall have standing to file any civil action in a court of the United States to enforce any provision or amendment made by this Act; or ‘‘(2) superseding any statutory requirement, includ- ing any requirement under section 553 of title 5, United States Code.’’ CONGRESSIONAL FINDINGS AND STATEMENT OF PURPOSES Pub. L. 103–62, § 2, Aug. 3, 1993, 107 Stat. 285, provided that: ‘‘(a) FINDINGS.—The Congress finds that— ‘‘(1) waste and inefficiency in Federal programs un- dermine the confidence of the American people in the Government and reduces the Federal Government’s ability to address adequately vital public needs; ‘‘(2) Federal managers are seriously disadvantaged in their efforts to improve program efficiency and ef- fectiveness, because of insufficient articulation of program goals and inadequate information on pro- gram performance; and ‘‘(3) congressional policymaking, spending decisions and program oversight are seriously handicapped by insufficient attention to program performance and results. ‘‘(b) PURPOSES.—The purposes of this Act [see Short Title of 1993 Amendment note set out above] are to— ‘‘(1) improve the confidence of the American people in the capability of the Federal Government, by sys- tematically holding Federal agencies accountable for achieving program results; ‘‘(2) initiate program performance reform with a se- ries of pilot projects in setting program goals

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