Impoundment Control

President's 104th Special Message for Fiscal Year 1992 Gao ID: OGC-93-2 November 3, 1992

On August 26, the President submitted to Congress his 104th special impoundment message for fiscal year 1992. The message reports one deferral of budget authority, which affects the Housing Guarantee subsidy account for the Agency for International Development. The Housing Guarantee program extends guarantees to U.S. private investors that make loans to developing countries to help them formulate and execute sound housing and community development policies that meet the needs of the poor. GAO found the deferral to be in accordance with the Impoundment Control Act.

GAO found that the deferral was in accordance with the Congressional Budget and Impoundment Control Act of 1974. GAO noted that: (1) the total amount of budget authority was $24,664,000, not $47,801,000, as the message reported; (2) the Office of Management and Budget released $14,986,000 of the amount withheld from obligation, and the Agency for International Development (AID) had obligated all but $2.5 million of the funds by September 30, 1992; and (3) AID did not obligate $2.5 million in funds because of a legislative restriction, but it later concluded that those funds would be available through fiscal year 1993.



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