10 USC 8023 – Office of Naval Research: appropriations; time limit
Current as of: 2024 | Check for updates
|
Other versions
(a) Sums appropriated for the Office of Naval Research may be used to pay the cost of performing its duties under section 8022 of this title including the cost of—
(1) administration;
(2) conduct of research and development work in Government facilities; and
(3) conduct of research and development work under contracts with individuals, corporations, and educational or scientific institutions.
Terms Used In 10 USC 8023
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Sums appropriated for the purposes of this section, if obligated during the fiscal year for which appropriated, remain available for expenditure for four years after the end of that fiscal year. Any balance not spent after that four-year period shall be carried to the surplus fund and covered into the Treasury.