Page 37 TITLE 31—MONEY AND FINANCE § 503

HISTORICAL AND REVISION NOTES

Revised

Section Source (U.S. Code) Source (Statutes at Large)

502(a) ...... 31:16(2d sentence related to Director).June 10, 1921, ch. 18, §207(2d,

3d sentences), 42 Stat. 22;

Reorg. Plan No. 1 of 1939,

eff. July 1, 1939, §1, 53 Stat.

1423; July 31, 1953, ch. 302,

§101(1st proviso in par.

under heading ‘‘Bureau of

the Budget’’), 67 Stat. 299;

Reorg. Plan No. 2 of 1970,

eff. July 1, 1970, §102(a), (b),

(d), (e), (f)(less words between parentheses), 84 Stat.

2085; Mar. 2, 1974, Pub. L.

93–250, §1, 88 Stat. 11.

502(b) ...... 31:16(2d sentence related to Deputy

Director, 3d sentence).

502(c) ...... 31:16a. Reorg. Plan No. 1 of 1939, eff.

July 1, 1939, §1, 53 Stat. 1423;

July 31, 1953, ch. 302,

§101(last proviso in par.

under heading ‘‘Bureau of

the Budget’’), 67 Stat. 299;

Sept. 6, 1966, Pub. L. 89–554,

§8(a), 80 Stat. 657; Reorg.

Plan No. 2 of 1970, eff. July

1, 1970, §102(b), (e), 84 Stat.

2085.

31:16c. Reorg. Plan No. 1 of 1939, eff.

July 1, 1939, §1, 53 Stat. 1423;

Aug. 1, 1956, ch. 838, 70 Stat.

887; Reorg. Plan No. 2 of

1970, eff. July 1, 1970,

§102(b), (e), 84 Stat. 2085.

502(d), (e) 31:16(note). Reorg. Plan No. 1 of 1939, eff.

July 1, 1939, §1, 53 Stat. 1423;

Reorg. Plan No. 2 of 1970,

eff. July 1, 1970,

§102(c)(words before last

comma), (e), (f)(words between parentheses), 84 Stat.

2085.

In subsections (a) and (b), the words related to salaries in section 207 of the Budget and Accounting Act,

1921 (ch. 18, 42 Stat. 22), are omitted as covered by

5:5313(11) and 5314(34).

In subsection (a), the text of section 102(d)(1st sentence) of Reorganization Plan No. 2 of 1970 (eff. July 1,

1970, 84 Stat. 2085) is omitted as covered by 3:301 and for

consistency in the revised title and with other titles of

the United States Code. The word ‘‘administer’’ is substituted for ‘‘supervise and direct the administration

of’’ in section 102(d) of the Reorganization Plan to

eliminate unnecessary words.

In subsections (b) and (c), the words ‘‘designated by

this reorganization plan’’ in section 102(e) of Reorganization Plan No. 2 of 1970 are omitted as executed. The

words ‘‘carry out the duties and powers prescribed by’’

are substituted for ‘‘perform such functions as’’ for

consistency in the revised title and with other titles of

the Code. The words ‘‘may from time to time direct’’

are omitted as unnecessary.

In subsection (c), the words ‘‘the duties and powers

prescribed by’’ in section 102(e)(related to Assistant Directors) of Reorganization Plan No. 2 of 1970 are substituted for ‘‘such functions as’’ for consistency. The

words ‘‘may from time to time direct’’ are omitted as

unnecessary. The words related to compensation in

31:16c are omitted as covered by 5:5315(37).

In subsection (d), the words ‘‘as determined from

time to time by the Director of the Office of Management and Budget (hereinafter referred to as the Director)’’ in section 102(c)(1st sentence) of Reorganization

Plan No. 2 of 1970 are omitted as unnecessary. The

words ‘‘in the competitive’’ are substituted for ‘‘under

the classified civil’’ in section 102(c)(2d sentence) of the

Reorganization Plan to conform to 5:2102. The words

‘‘The Director shall specify the title of each additional

officer’’ are substituted for ‘‘shall have such title as the

Director shall from time to time determine’’ to eliminate unnecessary words. The words ‘‘provided for in

subsection (c) of this section’’ in section 102(e)(related

to officers) of the Reorganization Plan are omitted because of the restatement. The words ‘‘carry out the duties and powers prescribed by’’ are substituted for ‘‘perform such functions as’’ for consistency in the revised

title and with other titles of the Code. The words ‘‘may

from time to time direct’’ are omitted as unnecessary.

In subsection (e), the words ‘‘When the Director and

Deputy Director are absent or unable to serve or when

the offices of Director and Deputy Director are vacant’’

are substituted for ‘‘or during the absence or disability

of the Deputy Director or in the event of a vacancy in

the office of Deputy Director’’ and ‘‘during the absence

or disability of the Director or in the event of a vacancy in the office of Director’’ in section 102(f)(words

between parentheses) of Reorganization Plan No. 2 of

1970 for clarity and consistency with other titles of the

Code. The words ‘‘an officer’’ are substituted for ‘‘such

other officials’’ for clarity and consistency in the chapter. The words ‘‘in such order as’’ are omitted as unnecessary. The words ‘‘from time to time’’ are eliminated

as unnecessary.

AMENDMENTS

1990—Subsecs. (c) to (f). Pub. L. 101–576 added subsec.

(c) and redesignated former subsecs. (c) to (e) as (d) to

(f), respectively.

CROSS REFERENCES

Compensation of Director and Deputy Director of Office of Management and Budget, see sections 5312 and

5313 of Title 5, Government Organization and Employees.

Compensation of Assistant Directors of Office of

Management and Budget, see section 5315 of Title 5.

§ 503. Functions of Deputy Director for Management

(a) Subject to the direction and approval of

the Director, the Deputy Director for Management shall establish governmentwide financial

management policies for executive agencies and

shall perform the following financial management functions:

(1) Perform all functions of the Director, including all functions delegated by the President to the Director, relating to financial

management.

(2) Provide overall direction and leadership

to the executive branch on financial management matters by establishing financial management policies and requirements, and by

monitoring the establishment and operation of

Federal Government financial management

systems.

(3) Review agency budget requests for financial management systems and operations, and

advise the Director on the resources required

to develop and effectively operate and maintain Federal Government financial management systems and to correct major deficiencies in such systems.

(4) Review and, where appropriate, recommend to the Director changes to the budget

and legislative proposals of agencies to ensure

that they are in accordance with financial

management plans of the Office of Management and Budget.

(5) Monitor the financial execution of the

budget in relation to actual expenditures, including timely performance reports.

(6) Oversee, periodically review, and make

recommendations to heads of agencies on the

administrative structure of agencies with respect to their financial management activities.

(7) Develop and maintain qualification

standards for agency Chief Financial Officers
§ 504 TITLE 31—MONEY AND FINANCE Page 38

and for agency Deputy Chief Financial Officers

appointed under sections 901 and 903, respectively.

(8) Provide advice to agency heads with respect to the selection of agency Chief Financial Officers and Deputy Chief Financial Officers.

(9) Provide advice to agencies regarding the

qualifications, recruitment, performance, and

retention of other financial management personnel.

(10) Assess the overall adequacy of the professional qualifications and capabilities of financial management staffs throughout the

Government and make recommendations on

ways to correct problems which impair the capacity of those staffs.

(11) Settle differences that arise among

agencies regarding the implementation of financial management policies.

(12) Chair the Chief Financial Officers Council established by section 302 of the Chief Financial Officers Act of 1990.

(13) Communicate with the financial officers

of State and local governments, and foster the

exchange with those officers of information

concerning financial management standards,

techniques, and processes.

(14) Issue such other policies and directives

as may be necessary to carry out this section,

and perform any other function prescribed by

the Director.

(b) Subject to the direction and approval of

the Director, the Deputy Director for Management shall establish general management policies for executive agencies and perform the following general management functions:

(1) Coordinate and supervise the general

management functions of the Office of Management and Budget.

(2) Perform all functions of the Director, including all functions delegated by the President to the Director, relating to—

(A) managerial systems, including the systematic measurement of performance;

(B) procurement policy;

(C) grant, cooperative agreement, and assistance management;

(D) information and statistical policy;

(E) property management;

(F) human resources management;

(G) regulatory affairs; and

(H) other management functions, including organizational studies, long-range planning, program evaluation, productivity improvement, and experimentation and demonstration programs.

(3) Provide complete, reliable, and timely information to the President, the Congress, and

the public regarding the management activities of the executive branch.

(4) Facilitate actions by the Congress and

the executive branch to improve the management of Federal Government operations and

to remove impediments to effective administration.

(5) Provide leadership in management innovation, through—

(A) experimentation, testing, and demonstration programs; and

(B) the adoption of modern management

concepts and technologies.

(6) Work with State and local governments

to improve and strengthen intergovernmental

relations, and provide assistance to such governments with respect to intergovernmental

programs and cooperative arrangements.

(7) Review and, where appropriate, recommend to the Director changes to the budget

and legislative proposals of agencies to ensure

that they respond to program evaluations by,

and are in accordance with general management plans of, the Office of Management and

Budget.

(8) Provide advice to agencies on the qualification, recruitment, performance, and retention of managerial personnel.

(9) Perform any other functions prescribed

by the Director.

(Added Pub. L. 101–576, title II, §202(b), Nov. 15,

1990, 104 Stat. 2839; amended Pub. L. 103–272,

§4(f)(1)(B), July 5, 1994, 108 Stat. 1361.)

REFERENCES IN TEXT

Section 302 of the Chief Financial Officers Act of 1990

[Pub. L. 101–576], referred to in subsec. (a)(12), is set out

as a note under section 901 of this title.

PRIOR PROVISIONS

A prior section 503 was renumbered section 505 of this

title.

AMENDMENTS

1994—Subsec. (b)(9). Pub. L. 103–272 substituted ‘‘Perform’’ for ‘‘perform’’.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 504 of this title.

§ 504. Office of Federal Financial Management

(a) There is established in the Office of Management and Budget an office to be known as

the ‘‘Office of Federal Financial Management’’.

The Office of Federal Financial Management,

under the direction and control of the Deputy

Director for Management of the Office of Management and Budget, shall carry out the financial management functions listed in section

503(a) of this title.

(b) There shall be at the head of the Office of

Federal Financial Management a Controller,

who shall be appointed by the President, by and

with the advice and consent of the Senate. The

Controller shall be appointed from among individuals who possess—

(1) demonstrated ability and practical experience in accounting, financial management,

and financial systems; and

(2) extensive practical experience in financial management in large governmental or

business entities.

(c) The Controller of the Office of Federal Financial Management shall be the deputy and

principal advisor to the Deputy Director for

Management in the performance by the Deputy

Director for Management of functions described

in section 503(a).

(Added Pub. L. 101–576, title II, §203(a), Nov. 15,

1990, 104 Stat. 2841.)

PRIOR PROVISIONS

A prior section 504 was renumbered section 506 of this

title.