Title 31 › Subtitle SUBTITLE II— THE BUDGET PROCESS › Chapter 15— APPROPRIATION ACCOUNTING › Subchapter IV— CLOSING ACCOUNTS › § 1553
After the time set for spending from a fixed appropriation ends but before the account is officially closed, the account keeps its fiscal-year identity and can still be used to record, adjust, and pay commitments that belong to it. Once an account is closed, commitments that should have been charged to it may be moved to any current account of the same agency that is available for the same purpose, but total charges moved to any one account this way can’t be more than 1 percent of that account’s total appropriations. If money from a closed account is needed to pay for contract changes and doing so would make contract-change spending for a program exceed $4,000,000 in a year, the agency head (or a delegated senior officer in the head’s office) must approve it. If it would make spending exceed $25,000,000, the agency must send written notice to the relevant authorizing and Appropriations Committees and wait 30 days. A “contract change” means added work for the contractor, not pay claims or escalation increases. Payments under these rules do not need prior approval from the Comptroller General, and this does not remove the Comptroller General’s other duties or settlement powers.
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 5, 2026
Release point: 119-73not60