Title 31 › Subtitle SUBTITLE II— - THE BUDGET PROCESS › Chapter CHAPTER 15— - APPROPRIATION ACCOUNTING › Subchapter SUBCHAPTER IV— - CLOSING ACCOUNTS › § 1553
When a fixed appropriation account’s time to spend money ends but the account is not yet closed, the account keeps its fiscal-year identity and can still be used to record, fix, and pay obligations that belong to it. After the account is closed, obligations that should have charged that closed account can be moved to any current appropriation account the agency has for the same purpose, but the total moved cannot be more than 1 percent of that account’s total appropriations. If money from a closed account is needed for contract changes, extra rules apply. If the move would make contract-change obligations for that program or project in the fiscal year go over $4,000,000, the agency head (or a delegate in the head’s office) must approve it. If it would push the total over $25,000,000, the agency head must notify the proper Congressional committees in writing with the legal and policy reasons and wait 30 days. A “contract change” means extra work the contractor must do and does not include paying claims or increases under an escalation clause. Payments under these rules do not need prior sign-off from the Comptroller General, although the Comptroller General still must handle legal decisions and settle claims as allowed by law.
Full Legal Text
Money and Finance — Source: USLM XML via OLRC
Legislative History
Reference
Citation
31 U.S.C. § 1553
Title 31 — Money and Finance
Last Updated
Apr 6, 2026
Release point: 119-73