Text: The program was initiated in 1948 by the Secretary of the Treasury, the Director of the Bureau of the Budget (now OMB), and the Comptroller General and was given statutory authorization in the Budget and Accounting Procedures Act of 1950.
Entailment: The program was officially authorized in 1950 after being initiated by several organization heads.
Contradiction: The program was started in 1970 by the President and Vice President.