PUBLIC LAW 101-510—NOV. 5, 1990 104 STAT. 1679 "§ 1557. Authority for exemptions in appropriation laws A provision of an appropriation law may exempt an appropriation from the provisions of this subchapter and fix the period for which the appropriation remains available for expenditure.". (2) The table of sections at the beginning of chapter 15 of such title is amended by striking out the items relating to subchapter IV and sections 1551 through 1557 and inserting in lieu thereof the following: "SUBCHAPTER IV-CLOSING ACCOUNTS " 1551. Definitions and application. "1552. Audit, control, and reporting. " 1553. Availability of appropriation accounts to pay obligations. " 1554. Audit, control, and reporting. "1555. Closing of appropriation accounts available for indefinite periods. "1556. Comptroller General: reports on appropriation accounts. "1557. Authority for exemptions in appropriation laws.". (b) TRANSITION.— 31 USC 1551 (1) APPLICATION OF AMENDMENTS. —The amendments made by °°*®- subsection (a) shall apply to any appropriation account the obligated balance of which, on the date of the enactment of this Act, has not been transferred under section 1552(a)(1) of title 31, United States Code, as in effect on the day before the date of the enactment of this section. (2) RESTORATION OF CERTAIN UNOBLIGATED AMOUNTS. —The balance of any unobligated amount withdrawn under section 1552(a)(2) of title 31, United States Code, as in effect on the day before the date of the enactment of this Act, from an account the obligated balance of which has not been transferred under section 1552(a)(1) of title 31, United States Code, as in effect on the day before the date of the enactment of this section, is hereby restored to that account. (3) CANCELLATION OF UNOBLIGATED BALANCES.— A ll balances of unobligated funds withdrawn from an account under subsection 1552(a)(2) of title 31, United States Code, as in effect on the day before the date of the enactment of this Act (other than funds restored under paragraph (2)) are canceled, effective at the end of the 30-day period beginning on the date of the enactment of this Act. (4) CANCELLATION OF OBLIGATED BALANCES. —On the third September 30th after the date of the enactment of this Act, all obligated balances transferred under subsection 1552(a)(1) of title 31, United States Code, as in effect on the day before the date of the enactment of this Act, shall be canceled. (5) OBLIGATION OF EXISTING BALANCES. —After the date of the enactment of this Act, an obligation of any part of a balance transferred before the date of the enactment of this Act under section 1552(a)(1) of title 31, United States Code, shall be subject to section 1553(c) of such title, as amended by subsection (a). (6) CANCELLATION OF OLDEST OBLIGATED BALANCES. —(A) At the end of the 30-day period beginning on the date on which the President submits to Congress the budget for fiscal year 1992, any amount in an account established under paragraph (1) of section 1552 of title 31, United States Code, as in effect before the date of the enactment of this Act, that has been in that account as of that date for a period in excess of five years shall be deobligated and shall be withdrawn in the manner provided
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