Question

In: Finance

Pick a federal agency of your choice. Find that agency’s appropriation for a recent fiscal year....

Pick a federal agency of your choice. Find that agency’s appropriation for a recent fiscal year. That may be located in an annual appropriation act or in a consolidated appropriation bill that lumps a number of normal appropriation acts together. Are there provisions of a somewhat substantive nature that are included in the appropriation act?

Solutions

Expert Solution

The special organizations which set up to fulfil the basic requirements such as to manage the resources, financial status of an organization is termed as federal agency.

Ministry of Agriculture is the federal agency their basic purpose is to process the food and cooperation with the food materials.

Ministry of agriculture is including in the appropriation act. Appropriation act is the act which provides funds to the agencies for fulfilling their purpose or their basic needs. The process of formal federal spending includes two steps that is authorization and appropriation.

Some provisions of a somewhat substantive nature that are included in the appropriation act are as mentioned below:

  • Ministry of agriculture does not specify its purpose of agency in their legal documents.
  • Ministry of agriculture does not include the in existence activities which was previously performed by them.
  • In ministry of agriculture, the provisions of tax are mentioned as per the old law’s rules and regulations. So, ministry of agriculture should update their provisions.
  • In ministry of agriculture, the illegal activities are not mentioned due to which the members also perform some illegal activities.

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