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Fiscal Law
Law 3 Pages

Fiscal Law



2 things you are responsible for:

  • Open up the GCTA word doc assignment andanswer the 4 questions. Make sure you site your work using the references in the 4450 Fiscal Law Folder that is provided.
  • Write a 2 page paper on the following topic:
  • ***Refer to the 4450 colder for the information needed to put the paper together.
  • Topic 3 is Time Rule- make sureyou cover the following 4 points for this:
  • Summary of statute substance
  • Period of availability
  • Current, expired, and cancelled funds
  • Example of violation and potential corrective action

Title: Fiscal Law
Length: 3 pages (825 Words)
Style: APA


Fiscal Law

Part I

Question 10

Federal awards have the ability to specify a period within which a non-federal entity might adopt federal funds. When this time is specified, the agreement will indicate the start and endpoint of the stated period. Where such a period is definite, a non-federal entity might only charge the award costs that result from obligations incurred within the funding period. The unobligated balances may be carried over and charged with the obligations of the subsequent funding period(Perez, 1959).


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