Balances available Clause Samples
The "Balances available" clause defines how and when funds or assets are considered available for use or withdrawal within an account or under an agreement. Typically, this clause outlines the timing and conditions under which deposited funds become accessible, such as after the clearance of checks or settlement of transactions. By specifying these details, the clause helps prevent disputes over access to funds and ensures both parties understand when balances can be relied upon for payments or transfers.
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 available for expendi- ture for a period beyond the period otherwise authorized by law.
(b) A provision of law requiring that the bal- ance 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 law- suits or rights of action involving the right to an amount payable from the balance. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 928.) HISTORICAL AND REVISION NOTES 1502(a) ..... 1502(b) ..... 31:200(d). 31:712a. 31:665b. Aug. 26, 1954, ch. 935, § 1311(d), 68 Stat. 831. July 6, 1949, ch. 299, § 1, 63 Stat. 407. July 1, 1973, Pub. L. 93–52, § 111, 87 Stat. 134.
(a) restates the source provisions to eliminate unnecessary words and for consistency. In subsection (b), the words ‘‘balance of an appropria- tion or fund’’ are substituted for ‘‘unexpended funds’’ for clarity and consistency in the revised chapter. AVAILABILITY OF ENERGY AND WATER DEVELOPMENT APPROPRIATIONS LIMITED TO FISCAL YEAR IN WHICH APPROPRIATED Pub. L. 102–377, title V, § 501, Oct. 2, 1992, 106 Stat. 1342, provided that: ‘‘No part of any appropriation con- tained in this Act or subsequent Energy and Water De- velopment Appropriations Acts shall remain available for obligation beyond the fiscal year specified in such Acts therein unless expressly so provided therein.’’ The Comptroller General shall make a special report each year to Congress on recommenda- tions for changes in laws, that the Comptroller General believes may be in the public interest, about amounts—
(1) for which no accounting is made to the Comptroller General; and
(2) that are in—
(A) accounts of the United States Govern- ment; or
(B) the custody of an officer or employee of the Government if the Government is fi- nancially concerned. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 928.) HISTORICAL AND REVISION NOTES 1503 ......... 31:725w. June 26, 1934, ch. 756, § 24, 48Stat. 1236; Aug. 30, 1954, ch. 1076, § 1(31), 68 Stat. 968. The words ‘‘shall cause a survey to be made’’ are omitted as executed. The word ‘‘existing’’ is omitted as surplus. TERMINATION OF REPORTING REQUIREMENTS For termination, effec...
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 available for expendi- ture for a period beyond the period otherwise authorized by law.
(b) A provision of law requiring that the bal- ance 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 law- suits or rights of action involving the right to an amount payable from the balance. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 928.) 1502(a) ..... 31:200(d). Aug. 26, 1954, ch. 935, § 1311(d), 68 Stat. 831. 31:712a. July 6, 1949, ch. 299, § 1, 63 Stat. 407. 1502(b) ..... 31:665b. July 1, 1973, Pub. L. 93–52, § 111, 87 Stat. 134.
(a) restates the source provisions to eliminate unnecessary words and for consistency. In subsection (b), the words ‘‘balance of an appropria- tion or fund’’ are substituted for ‘‘unexpended funds’’ for clarity and consistency in the revised chapter. Pub. L. 112–74, div. F, title V, § 526, Dec. 23, 2011, 125 Stat. 1115, provided that: ‘‘Not later than 30 days after the end of each calendar quarter, beginning with the first quarter of fiscal year 2013, the Departments of Labor, Health and Human Services and Education and the Social Security Administration shall provide the Committees on Appropriations of the House of Rep- resentatives and Senate a quarterly report on the status of balances of appropriations: Provided, That for balances that are unobligated and uncommitted, com- mitted, and obligated but unexpended, the quarterly re- ports shall separately identify the amounts attrib- utable to each source year of appropriation (beginning with fiscal year 2012, or, to the extent feasible, earlier fiscal years) from which balances were derived.’’ Availability of Energy and Water Development Appropriations Limited to Fiscal Year In Which Appropriated Pub. L. 102–377, title V, § 501, Oct. 2, 1992, 106 Stat. 1342, provided that: ‘‘No part of any appropriation con- tained in this Act or subsequent Energy and Water De- velopment Appropriations Acts shall remain available for obligation beyond the fiscal year specified in such Acts therein unless expressly so provided therein.’’ The Comptroller General shall mak...
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 available for expendi- ture for a period beyond the period otherwise authorized by law.
(b) A provision of law requiring that the bal- ance 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 law- suits or rights of action involving the right to an amount payable from the balance. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 928.) HISTORICAL AND REVISION NOTES 1502(a) ..... 1502(b) ..... 31:200(d). 31:712a. 31:665b. Aug. 26, 1954, ch. 935, § 1311(d), 68 Stat. 831. July 6, 1949, ch. 299, § 1, 63 Stat. 407. July 1, 1973, Pub. L. 93–52, § 111, 87 Stat. 134.
(a) restates the source provisions to eliminate unnecessary words and for consistency. In subsection (b), the words ‘‘balance of an appropria- tion or fund’’ are substituted for ‘‘unexpended funds’’ for clarity and consistency in the revised chapter. QUARTERLY REPORTS Pub. L. 112–74, div. F, title V, § 526, Dec. 23, 2011, 125 Stat. 1115, provided that: ‘‘Not later than 30 days after the end of each calendar quarter, beginning with the first quarter of fiscal year 2013, the Departments of Labor, Health and Human Services and Education and the Social Security Administration shall provide the Committees on Appropriations of the House of Rep- resentatives and Senate a quarterly report on the status of balances of appropriations: Provided, That for balances that are unobligated and uncommitted, com- mitted, and obligated but unexpended, the quarterly re- ports shall separately identify the amounts attrib- utable to each source year of appropriation (beginning with fiscal year 2012, or, to the extent feasible, earlier fiscal years) from which balances were derived.’’ AVAILABILITY OF ENERGY AND WATER DEVELOPMENT APPROPRIATIONS LIMITED TO FISCAL YEAR IN WHICH APPROPRIATED Pub. L. 102–377, title V, § 501, Oct. 2, 1992, 106 Stat. 1342, provided that: ‘‘No part of any appropriation con- tained in this Act or subsequent Energy and Water De- velopment Appropriations Acts shall remain available for obligation beyond the fiscal year specified in such Acts therein unless expressly so provi...