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31 U.S.C. § 1516 - U.S. Code - Unannotated Title 31. Money and Finance § 1516. Exemptions

Current as of January 01, 2024 | Updated by Findlaw Staff

An official designated in section 1513 of this title to make apportionments may exempt from apportionment--

(1) a trust fund or working fund if an expenditure from the fund has no significant effect on the financial operations of the United States Government;

(2) a working capital fund or a revolving fund established for intragovernmental operations;

(3) receipts from industrial and power operations available under law; and

(4) appropriations made specifically for--

(A) interest on, or retirement of, the public debt;

(B) payment of claims, judgments, refunds, and drawbacks;

(C) items the President decides are of a confidential nature;

(D) payment under a law requiring payment of the total amount of the appropriation to a designated payee; and

(E) grants to the States under the Social Security Act (42 U.S.C. 301 et seq.).

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Cite this article: FindLaw.com - 31 U.S.C. § 1516 - U.S. Code - Unannotated Title 31. Money and Finance § 1516. Exemptions - last updated January 01, 2024 | https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-1516/

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