Public Law 81-784
Budget and Accounting Procedures Act of 1950
The Budget and Accounting Procedures Act of 1950 was enacted as part of the implementation of the recommendations made by the Hoover Commission. This Commission studied the methods of a wide variety of governmental functions and issued an extensive report with recommendations as to how to improve the efficiency of the Federal Government. This Act was intended to improve the functions in terms of the accounting methodology of Federal agencies.
Public Law: Pub. L. 81-784
Stat. At Large: 64 Stat. 832
Enacted: September 12, 1950
Bill Number: H. R. 90381 (81st Congress)
Note: Section 203 of this law was repealed by the section 1003 of the Impoundment Act of 1974.
Text of Statute
Pub. L. 92-599 – Increasing the Public Debt for the Fiscal Year Ending 1973, 86 Stat. 1324, Oct. 27, 1972 (Amending the Budget Accounting and Procedures Act of 1950 and Creating the Joint Committee on Budget Control)