Title 31, Money and FinanceRelease 119-102
§1556 Comptroller General: Reports on Appropriation Accounts
Title 31 › SUBTITLE II — THE BUDGET PROCESS › CHAPTER 15 — APPROPRIATION ACCOUNTING › SUBCHAPTER IV — CLOSING ACCOUNTS › § 1556
Summary
Comptroller General must report audits to the agency head, Treasury Secretary, and President. Reports must appraise unpaid obligations in fixed appropriation accounts when obligation period ends.
Full Legal Text
Title 31, §1556
Money and Finance, Source: USLM XML via OLRC
(a)In carrying out audit responsibilities, the Comptroller General shall report on operations under this subchapter to—
(1)the head of the agency concerned;
(2)the Secretary of the Treasury; and
(3)the President.
(b)A report under this section shall include an appraisal of unpaid obligations under fixed appropriation accounts for which the period of availability for obligation has ended.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 1556(a)31:703(b)(1st sentence words before 4th comma).July 25, 1956, ch. 727, § 3(b), 70 Stat. 649; Reorg. Plan No. 2 of 1970, eff. July 1, 1970, § 102(a), 84 Stat. 2085. 1556(b)31:703(b)(1st sentence words after 4th comma, last sentence). In the section, the word “President” is substituted for “Director of the Office of Management and Budget” because section 101 and 102(a) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) designated the Bureau of the Budget as the Office of Management and Budget and transferred all functions of the Bureau to the President.
Editorial Notes
Amendments
1990—Pub. L. 101–510 substituted “General: reports” for “General reports” in section catchline and amended text generally. Prior to amendment, text read as follows: “(a) In carrying out audit responsibilities, the Comptroller General shall report on operations under this subchapter to— “(1) the head of the agency concerned; “(2) the Secretary of the Treasury; and “(3) the President. “(b) A report under this section shall include an appraisal of unpaid obligations under appropriation accounts established under section 1552 of this title. By the 30th day after receiving a report, the head of the agency concerned shall carry out actions required by section 1554 of this title that the report shows is necessary.”
Statutory Notes and Related Subsidiaries
Effective Date
of 1990 AmendmentAmendment by Pub. L. 101–510 applicable to any appropriation account the obligated balance of which, on Nov. 5, 1990, has not been transferred under section 1552(a)(1) of this title, as in effect Nov. 4, 1990, with transitional provisions, see section 1405(b) of Pub. L. 101–510, set out as a note under section 1551 of this title.
Reference
Citations & Metadata
Citation
31 U.S.C. § 1556
Title 31, Money and Finance
Last Updated
Aug 21, 2026
Release point: 119-102