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Understanding and Applying the "Bona Fide Needs" Rule at the End of the Fiscal Year

http://www.govloop.com

The bona fide needs rule is a fundamental rule of appropriations law.  It mandates that a fiscal year’s appropriations be obligated only to meet a legitimate—or bona fide—need arising in (or sometimes before) the fiscal year for which the appropriation was made.  It restricts this year’s appropriated funds from being used to fund next fiscal year’s requirement.  For example, annual funds (such as operations and maintenance funding) appropriated for FY2012 are to be used…

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Created by govzine.com 34 weeks 1 day ago – Made popular 34 weeks 1 day ago
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