Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3512&num=0&edition=prelim
Timestamp: 2018-03-24 23:51:57
Document Index: 573947366

Matched Legal Cases: ['§ 3512', '§1', '§301', '§4', '§101', '§805', '§4', '§112', '§102', '§113', '§2', '§112', '§113', '§2', '§113', '§4', '§5', '§101', '§4', '§101', '§6']

[USC10] 31 USC 3512: Executive agency accounting and other financial management reports and plans
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31 USC 3512: Executive agency accounting and other financial management reports and plans Text contains those laws in effect on March 23, 2018
(D) a summary of reports on internal accounting and administrative control systems submitted to the President and the Congress under the amendments made by the Federal Managers' Financial Integrity Act of 1982 (Public Law 97–255);
(c)(1) To ensure compliance with subsection (b)(3) of this section and consistent with standards the Comptroller General prescribes, the head of each executive agency shall establish internal accounting and administrative controls that reasonably ensure that-
(d)(1) In consultation with the Comptroller General, the Director of the Office of Management and Budget-
( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 959 ; Pub. L. 97–452, §1(12), Jan. 12, 1983, 96 Stat. 2468 ; Pub. L. 101–576, title III, §301(a), Nov. 15, 1990, 104 Stat. 2847 ; Pub. L. 103–272, §4(f)(1)(J), July 5, 1994, 108 Stat. 1362 ; Pub. L. 104–208, div. A, title I, §101(f) [title VIII, §805(b)], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-392; Pub. L. 113–101, §4, May 9, 2014, 128 Stat. 1153 .)
3512(a) 31:66a(a). Sept. 12, 1950, ch. 946, §§112(c), 113(a), 64 Stat. 835 ; Reorg. Plan No. 2 of 1970, eff. July 1, 1970, §102(a), 84 Stat. 2085.
3512(b) 31:66a(c). Sept. 12, 1950, ch. 946, 64 Stat. 832 , §113(c); added Aug. 1, 1956, ch. 814, §2(b), 70 Stat. 782 .
3512(c) 31:66(b)(less Treasury Department). Sept. 12, 1950, ch. 946, §§112(b)(less Treasury Department), 113(b), 64 Stat. 835 , 836.
3512(b) 31 App.:66a(d)(1). Sept. 12, 1950, ch. 946, 64 Stat. 832 , §113(d); added Sept. 8, 1982, Pub. L. 97–255, §2, 96 Stat. 814 .
3512(c)(2) (B) 31 App.:66a(b)(last sentence). Sept. 12, 1950, ch. 946, 64 Stat. 832 , §113(b)(last sentence); added Sept. 8, 1982, Pub. L. 97–255, §4, 96 Stat. 815 .
The Federal Managers' Financial Integrity Act of 1982, referred to in subsec. (a)(2)(D), is Pub. L. 97–255, Sept. 8, 1982, 96 Stat. 814 , which added subsec. (d) to section 66a of former Title 31, Money and Finance. Section 66a of former Title 31 was repealed by Pub. L. 97–258, §5(b), Sept. 13, 1982, 96 Stat. 1068 , and reenacted by the first section thereof as this section. Provisions relating to reports on internal accounting and administrative control systems are restated in subsec. (d)(2) and (3) of this section.
The Federal Financial Management Improvement Act of 1996, referred to in subsec. (a)(2)(E), is Pub. L. 104–208, div. A, title I, §101(f) [title VIII], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-389, which is set out as a note under this section. Section 3(a) of the act probably means section 803(a) of the act, which contains requirements relating to financial management systems.
2014-Subsec. (a)(1). Pub. L. 113–101, which directed the insertion of "and make available on the website described under section 1122" after "appropriate committees of Congress" was executed by making the insertion after "appropriate committees of the Congress" to reflect the probable intent of Congress.
1996-Subsec. (a)(2)(E), (F). Pub. L. 104–208 added subpar. (E) and redesignated former subpar. (E) as (F).
1994-Subsec. (c)(1). Pub. L. 103–272, §4(f)(1)(J)(i), substituted "subsection (b)(3)" for "subsection (a)(3)" in introductory provisions.
1990-Pub. L. 101–576 substituted "and other financial management reports and plans" for "systems" in section catchline, added subsec. (a), and redesignated former subsecs. (a) to (f) as (b) to (g), respectively.
1983-Subsecs. (b), (c). Pub. L. 97–452 added subsecs. (b) and (c). Former subsecs. (b) and (c) were redesignated (d) and (e), respectively.
Pub. L. 104–208, div. A, title I, §101(f) [title VIII], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-389, provided that:
"This title may be cited as the 'Federal Financial Management Improvement Act of 1996.'
"(2) Federal financial management continues to be seriously deficient, and Federal financial management and fiscal practices have failed to-
"(6) Since its establishment in October 1990, the Federal Accounting Standards Advisory Board (hereinafter referred to as the 'FASAB') has made substantial progress toward developing and recommending a comprehensive set of accounting concepts and standards for the Federal Government. When the accounting concepts and standards developed by FASAB are incorporated into Federal financial management systems, agencies will be able to provide cost and financial information that will assist the Congress and financial managers to evaluate the cost and performance of Federal programs and activities, and will therefore provide important information that has been lacking, but is needed for improved decision making by financial managers and the Congress.
"(b) Purpose[.]-The purposes of this Act [title] are to-
"(a) In General.-Each agency shall implement and maintain financial management systems that comply substantially with Federal financial management systems requirements, applicable Federal accounting standards, and the United States Government Standard General Ledger at the transaction level.
"(b) Audit Compliance Finding.-
"(1) In general.-Each audit required by section 3521(e) of title 31, United States Code, shall report whether the agency financial management systems comply with the requirements of subsection (a).
"(2) Content of Reports.-When the person performing the audit required by section 3521(e) of title 31, United States Code, reports that the agency financial management systems do not comply with the requirements of subsection (a), the person performing the audit shall include in the report on the audit-
"(B) all facts pertaining to the failure to comply with the requirements of subsection (a), including-
"(c) Compliance Implementation.-
"(1) Determination.-No later than the date described under paragraph (2), the Head of an agency shall determine whether the financial management systems of the agency comply with the requirements of subsection (a). Such determination shall be based on-
"(2) Date of determination.-The determination under paragraph (1) shall be made no later than 120 days after the earlier of-
"(3) Remediation plan.-
"(4) Time period for compliance.-A remediation plan shall bring the agency's financial management systems into substantial compliance no later than 3 years after the date a determination is made under paragraph (1), unless the agency, with concurrence of the Director-
"(a) Reports by the Director.-No later than March 31 of each year, the Director shall submit a report to the Congress regarding implementation of this Act [title]. The Director may include the report in the financial management status report and the 5-year financial management plan submitted under section 3512(a)(1) of title 31, United States Code.
"(b) Reports by the Inspector General[.]-Each Inspector General who prepares a report under section 5(a) of the Inspector General Act of 1978 (5 U.S.C. App.) shall report to Congress instances and reasons when an agency has not met the intermediate target dates established in the remediation plan required under section 3(c) [803(c)]. Specifically the report shall include-
"(c) Reports by the Comptroller General.-No later than October 1, 1997, and October 1, of each year thereafter, the Comptroller General of the United States shall report to the appropriate committees of the Congress concerning-
"(a) Audits by Agencies.-[Amended section 3521 of this title.]
"(b) Financial Management Status Report.-[Amended this section.]
"(c) Inspector General Act of 1978.-[Amended section 5 of the Inspector General Act of 1978, set out in the Appendix to Title 5, Government Organization and Employees.]
"(1) Agency.-The term 'agency' means a department or agency of the United States Government as defined in section 901(b) of title 31, United States Code.
"(2) Director.-The term 'Director' means the Director of the Office of Management and Budget.
"(3) Federal Accounting Standards.-The term 'Federal accounting standards' means applicable accounting principles, standards, and requirements consistent with section 902(a)(3)(A) of title 31, United States Code.
"(4) Financial management systems.-The term 'financial management systems' includes the financial systems and the financial portions of mixed systems necessary to support financial management, including automated and manual processes, procedures, controls, data, hardware, software, and support personnel dedicated to the operation and maintenance of system functions.
"(5) Financial system.-The term 'financial system' includes an information system, comprised of one or more applications, that is used for-
"(6) Mixed system.-The term 'mixed system' means an information system that supports both financial and nonfinancial functions of the Federal Government or components thereof.
"(b) [Amended section 5001 of Pub. L. 104–106, div. E, Feb. 10, 1996, 110 Stat. 679 , subsequently repealed by Pub. L. 107–217, §6(b), Aug. 21, 2002, 116 Stat. 1304 .]