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Terms Used In Louisiana Revised Statutes 9:2991.11

  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.

            Nothing in this Part shall be construed to limit any other remedies or grounds for rescission provided by law.

            Acts 2016, No. 179, §1, eff. May 19, 2016.