Home > 107th Congressional Public Laws > Pub.L. 107-290 To amend the District of Columbia Retirement Protection Act of 1997 to ...

Pub.L. 107-290 To amend the District of Columbia Retirement Protection Act of 1997 to ...


Google
 
Web GovRecords.org

<DOC>



[[Page 116 STAT. 2049]]

Public Law 107-289
107th Congress

                                 An Act


 
 To amend title 31, United States Code, to expand the types of Federal 
        agencies that are required to prepare audited financial 
           statements. <<NOTE: Nov. 7, 2002 -  [H.R. 4685]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress <<NOTE: Accountability of Tax 
Dollars Act of 2002.>> assembled,

SECTION 1. <<NOTE: 31 USC 3501 note.>> SHORT TITLE.

    This Act may be cited as the ``Accountability of Tax Dollars Act of 
2002''.

SEC. 2. AMENDMENTS RELATING TO AUDITING REQUIREMENT FOR FEDERAL AGENCY 
            FINANCIAL STATEMENTS.

    (a) In General.--Section 3515 of title 31, United States Code, is 
amended--
            (1) in subsection (a)--
                    (A) by striking ``Not later'' and inserting ``(1) 
                Except as provided in subsection (e), not later'';
                    (B) by striking ``each executive agency identified 
                in section 901(b) of this title'' and inserting ``each 
                covered executive agency''; and
                    (C) by striking ``1997'' and inserting ``2003'';
            (2) in subsection (b) by striking ``an executive agency'' 
        and inserting ``a covered executive agency'';
            (3) in subsections (c) and (d) by striking ``executive 
        agencies'' each place it appears and inserting ``covered 
        executive agencies''; and
            (4) by adding at the end the following:

    ``(e)(1) The Director of the Office of Management and Budget may 
exempt a covered executive agency, except an agency described in section 
901(b), from the requirements of this section with respect to a fiscal 
year if--
            ``(A) the total amount of budget authority available to the 
        agency for the fiscal year does not exceed $25,000,000; and
            ``(B) the Director determines that requiring an annual 
        audited financial statement for the agency with respect to the 
        fiscal year is not warranted due to the absence of risks 
        associated with the agency's operations, the agency's 
        demonstrated performance, or other factors that the Director 
        considers relevant.

    ``(2) <<NOTE: Notification.>> The Director shall annually notify the 
Committee on Government Reform of the House of Representatives and the 
Committee on Governmental Affairs of the Senate of each agency the 
Director has exempted under this subsection and the reasons for each 
exemption.

    ``(f) The term `covered executive agency'--

[[Page 116 STAT. 2050]]

            ``(1) means an executive agency that is not required by 
        another provision of Federal law to prepare and submit to the 
        Congress and the Director of the Office of Management and Budget 
        an audited financial statement for each fiscal year, covering 
        all accounts and associated activities of each office, bureau, 
        and activity of the agency; and
            ``(2) does not include a corporation, agency, or 
        instrumentality subject to chapter 91 of this title.''.

    (b) Waiver <<NOTE: 31 USC 3515 note.>> Authority.--
            (1) In general.--The Director of the Office of Management 
        and Budget may waive the application of all or part of section 
        3515(a) of title 31, United States Code, as amended by this 
        section, for financial statements required for the first 2 
        fiscal years beginning after the date of the enactment of this 
        Act for an agency described in paragraph (2) of this subsection.
            (2) Agencies described.--An agency referred to in paragraph 
        (1) is any covered executive agency (as that term is defined by 
        section 3515(f) of title 31, United States Code, as amended by 
        subsection (a) of this section) that is not an executive agency 
        identified in section 901(b) of title 31, United States Code.

    Approved November 7, 2002.

LEGISLATIVE HISTORY--H.R. 4685 (S. 2644):
---------------------------------------------------------------------------

SENATE REPORTS: No. 107-331 accompanying S. 2644 (Comm. on Governmental 
Affairs).
CONGRESSIONAL RECORD, Vol. 148 (2002):
            Oct. 7, considered and passed House.
            Oct. 17, considered and passed Senate.
WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 38 (2002):
            Nov. 7, Presidential statements.

                                  <all>

Pages: 1

Other Popular 107th Congressional Public Laws Documents:

1 Pub.L. 107-162 To designate the facility of the United States Postal Service located at 685 Turnberry Road in Newport News, Virginia, as the ``Herbert H. Bateman Post Office Building''. <> ...
2 Pub.L. 107-198 To amend chapter 35 of title 44, United States Code, for the purpose of ...
3 Pub.L. 107-167 To designate the facility of the United States Postal Service located at 375 Carlls Path in Deer Park, New York, as the ``Raymond M. Downey Post Office Building''. <> ...
4 Pub.L. 107-362 To resolve the claims of Cook Inlet Region, Inc., to lands adjacent to the Russian River in the State of Alaska. <> ...
5 Pub.L. 107-156 To extend the authority of the Export-Import Bank until April 30, 2002. <> ...
6 Pub.L. 107-145 To designate the facility of the United States Postal Service located at 39 Tremont Street, Paris Hill, Maine, as the ``Horatio King Post Office Building''. <> ...
7 Pub.L. 107-359 To amend the American Battlefield Protection Act of 1996 to authorize the Secretary of the Interior to establish a battlefield acquisition grant program. <> ...
8 Pub.L. 107-339 To provide for the sale of certain real property within the Newlands Project in Nevada, to the city of Fallon, Nevada. <> ...
9 Pub.L. 107-333 To establish the Guam War Claims Review Commission. <> ...
10 Pub.L. 107-344 To amend the Reclamation Wastewater and Groundwater Study and Facilities ...
11 Pub.L. 107-349 To authorize payments to certain Klamath Project water distribution ...
12 Pub.L. 107-166 To designate the facility of the United States Postal Service located at 125 Main Street in Forest City, North Carolina, as the ``Vernon Tarlton Post Office Building''. <> ...
13 Pub.L. 107-094 To amend title 38, United States Code, to provide a cost-of-living ...
14 Pub.L. 107-230 To provide a temporary waiver from certain transportation conformity ...
15 Pub.L. 107-245 To facilitate famine relief efforts and a comprehensive solution to the war in Sudan. <> ...
16 Pub.L. 107-013 To authorize the Secretary of the Interior and the Secretary of ...
17 Pub.L. 107-270 To designate the facility of the United States Postal Service located at 1895 Avenida Del Oro in Oceanside, California, as the ``Ronald C. Packard Post Office Building''. <> ...
18 Pub.L. 107-257 To designate the United States courthouse to be constructed at 8th Avenue and Mill Street in Eugene, Oregon, as the ``Wayne Lyman Morse United States Courthouse''. <> ...
19 Pub.L. 107-291 To designate the facility of the United States Postal Service located at 206 South Main Street in Glennville, Georgia, as the ``Michael Lee Woodcock Post Office''. <> ...
20 Pub.L. 107-297 To ensure the continued financial capacity of insurers to provide coverage for risks from terrorism. <> ...
21 Pub.L. 107-097 Making further continuing appropriations for the fiscal year 2002, and for other purposes. <> ...
22 Pub.L. 107-084 To amend the Public Health Service Act to provide for research with ...
23 Pub.L. 107-030 To provide further protections for the watershed of the Little Sandy River as part of the Bull Run Watershed Management Unit, Oregon, and for other purposes. <> ...
24 Pub.L. 107-056 To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes. <> ...
25 Pub.L. 107-128 To extend the basic pilot program for employment eligibility verification, and for other purposes. <> ...
26 Pub.L. 107-235 Making further continuing appropriations for the fiscal year 2003, and for other purposes. <> ...
27 Pub.L. 107-082 To extend the authorization of the Drug-Free Communities Support Program for an additional 5 years, to authorize a National Community Antidrug Coalition Institute, and for other purposes. <> ...
28 Pub.L. 107-163 To designate the facility of the United States Postal Service located at 310 South State Street in St. Ignace, Michigan, as the ``Bob Davis Post Office Building''. <> ...
29 Pub.L. 107-247 To increase, effective as of December 1, 2002, the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans. <
30 Pub.L. 107-053 Making further continuing appropriations for the fiscal year 2002, and for other purposes. <> ...


Other Documents:

107th Congressional Public Laws Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy