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ACG-76-4 1 (1975-08-06)

handle is hein.gao/gaobaaaxv0001 and id is 1 raw text is: . I a ..7 . _ _ _ _ ASSISTANT COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON, D.C. Z0348 August 6, 1975 Speaker of the House (A President of the Senate This letter provides follow-up information impoundment of budget authority for the Housing capped Program (section 202 housing direct loan June 3 letter to the Congress. concerning the unreported for the Elderly or Handi- program) described in our The Housing and Urban Development Act of 1974 (P.L. 93-383) authorized $800 million for the section 202 housing direct loan program. This legis- lation also required that the aggregate amount loaned under the section 202 housing program in any fiscal year not exceed a limit specified in appropri- ation acts. The Supplemental Appropriation Act, 1975 (P.L. 93-554) enacted December 27, 1974, sets this limitation for FY 1.975 at $214.5 million and provided budget authority only for fiscal year 1975. Our June 3 letter reported a de facto rescission that should have been but was not reported by the President. We reported in June that HUD planned to make the budget authority available for obligation on the basis of draft regulations initially published in May. HUD estimated that it could obli- 2 gate $34 million of the $214.5 million in FY 1975 budget authority, but that the remaining $180.5 million would lapse on June 30. Follow-up inquiries disclose that (1) the FY 1975 budget authority was not made available because the draft regulations were criticized more strongly than expected, (2) the entire FY 1975 appropriation of $214.5 million lapsed on June 30, and (3) program applications are not being accepted in FY 1976 until final regulations are issued (HUD expects to publish the final regu- lations within the next three or four weeks and we were told that only a short time would be required to implement the program once the final regu- lations were published). The Program is included in the HUD Appropriation Bill, 1976, which has passed both.Houses and was sent to conference on July 26. Pending enactment of this appropriation, $214.5 million is available for the program under the FY 1976 continuing resolution (P.L. 94-41). The President did not report an impoundment of this budget authority when he submitted his second impound- ment message to the Congress on July 26. We construe this to mean that ACG-76-4 7O~4&~ O?~~59 B-115398