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propriation !.? not twjuired in such a case.the t'.ep'rnv.ent or agency. using its blanket authorization, merely goes to the Treasury and asks for a loan of whatever amount it needs. This device frequently is used to finance lending activities, such as housing and certain agricultural loans.
If.a fending program eventually goes into the hole, there may be a request in a later year to salvage it Igr a direct appropriation to make up the .loss.'. ’ - V Another means of by-passing the Cogressional appropriations committee to get a program underway, or expand it, is to place the authorizing law a go-ahead for the making of contracts.. This has been done in such activities as slum clearance and airport construction. The department or agency may make contracts obligating the United States, but is given no immediate appropriation. When the bills come due under these contracts, Congress has no choice but to approve the appropriation. To uo otherwise at that point would be to default on an obligation of the Government; incurred by authority of law.
It can be seen that, while a tabulation of the appropriation bills for a given year will not give the entire picture of spending in that year, much of the non-appropriated spending turns up in the appropriations of later years.
As we await completion of the
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