31-U.S.C.-3513

§3513 – Financial Reporting and Accounting System

Pathway

Title 31 > Subtitle III > Chapter 35 > Subchapter II > Section 3513

Details

• Reference: Section 3513
• Legend: §3513 – Financial Reporting and Accounting System
• USCode Year: 2013

Provision Content

(a) The Secretary of the Treasury shall prepare reports that will inform the President, Congress, and the public on the financial operations of the United States Government. The reports shall include financial information the President requires. The head of each executive agency shall give the Secretary reports and information on the financial conditions and operations of the agency the Secretary requires to prepare the reports.

(b) The Secretary may—

(1) establish facilities necessary to prepare the reports; and

(2) reorganize the accounting functions and procedures and financial reports of the Department of the Treasury to develop an effective and coordinated system of accounting and financial reporting in the Department that will integrate the accounting results for the Department and be the operating center for consolidating accounting results of other executive agencies with accounting results of the Department.

(c) The Comptroller General shall—

(1) cooperate with the Secretary in developing and establishing the reporting and accounting system under this section; and

(2) approve the system when the Comptroller General considers it to be adequate and in conformity with the principles, standards, and requirements prescribed under section 3511 of this title.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 960.)

In subsection (a), the words the results of are omitted as surplus. The words The report are substituted for Provided, That for clarity. The word information is substituted for data for consistency. The word President is substituted for Director of the Office of Management and Budget because sections 101 and 102(a) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) redesignated the Bureau of the Budget as the Office of Management and Budget and transferred all functions of the Bureau to the President. The words in connection with the preparation of the Budget or for other purposes of the Office are omitted as unnecessary. The words The head of are added for consistency in the revised title and with other titles of the United States Code. The words by rules and regulations are omitted as unnecessary because of section 321(b) of this title. The words to prepare the reports are substituted for for the effective performance of his responsibilities under this section for clarity and to eliminate unnecessary words.

In subsection (b)(2), the words install, revise, or eliminate, the several bureaus and offices of, with such concentration of accounting and reporting as is necessary, and the activities of are omitted as surplus. The word be is substituted for provide for clarity. The text of 31:66b(b)(last sentence) is omitted as unnecessary because of section 321 of this title.

In subsection (c), before clause (1), the text of 31:66b(c) is omitted as unnecessary. The words Comptroller General are substituted for General Accounting Office for consistency. In clause (1), the word Secretary is substituted for Treasury Department in 31:66(b)(related to Treasury Department) for consistency. The word central is omitted as surplus. In clause (2), the word considers is substituted for deemed as being more precise. The words under section 3511 of this title are substituted for by him for clarity.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-3330 in the Legal Encyclopedia: Financial Management

In this entry about 31-U.S.C.-3330, find legal reference material, bibliographies and premiere content related to financial management in the American Encyclopedia of Law, presenting a comprehensive view of the United States financial management-specific issues, written by authorities in the field.

31-U.S.C.-3501 in the Legal Encyclopedia: Accounting

In this entry about 31-U.S.C.-3501, find legal reference material, bibliographies and premiere content related to accounting in the American Encyclopedia of Law, presenting a comprehensive view of the United States accounting-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 31 (Money And Finance) guided by subject interests.