§302. 31 USC 1102 – Fiscal Year

Title 31, U.S. Code (Selected)

31 U.S.C § 1102

Subtitle II—The Budget Process

Chapter 11—The Budget and Fiscal, Budget, and Program Information

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§1102. Fiscal year

The fiscal year of the Treasury begins on October 1 of each year and ends on September 30 of the following year. Accounts of receipts and expenditures required under law to be published each year shall be published for the fiscal year.

 

 

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31 U.S.C. 1101

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31 U.S.C. 1103
Counsel Notes

The fiscal year was set in section 237 in the Revised States (R.S.§237) by an Act from the 43rd Congress “to revise and consolidate the statutes of the United Sates, in force on the first day of December, anno Domini,” 1873.  The fiscal year was set to begin on July 1 of each year.  This was then restated in 1890 by an Act related to the duties of the House Sergeant of Arms. The date of the fiscal year was not changed.

When section 501 (CBA, as Enacted) of the  Congressional Budget Act of 1974 was enacted, it was amended 31 U.S.C. 1020. In 1983, Pub. L. 97-258 repealed and transferred this section “without substantive revision” as  31 U.S.C. 1102.

Legislative History Notes
Public Laws

Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 908 (Title 31 Revision and Codification Law of 1982)

Historical and Revision Notes
Revised Section         Source (U.S. Code) Source (Statutes at Large)
1102 31:1020. R.S. §237; Oct. 1, 1890, ch. 1256, §9, 26 Stat. 646 ; restated July 12, 1974, Pub. L. 93–344, §501, 88 Stat. 321 .

The words “in all matters of accounts, receipts, expenditures, estimates, and appropriations” are omitted as being included in “fiscal”. The word “prepared” is omitted as being included in “published”. The words “as established by subsection (a) of this section” are omitted as unnecessary because of the restatement. The text of 31:1020(a)(1) and the words “beginning on October 1, 1976” are omitted as executed.

Fiscal Year Transition Period of July 1, 1976, Through September 30, 1976

Pub. L. 94–274, Apr. 21, 1976, 90 Stat. 383 (Fiscal Year Transition Act) provided for a transition to the new Oct. 1 to Sept. 30 fiscal year for particular acts by specifying how the period of July 1, 1976, through Sept. 30, 1976, was to be treated for fiscal year purposes. The bill S. 2444 (94th Congress) was enacted on Apr. 21, 1976. 

 

 

 

 

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31 U.S.C. 1101

 

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31 U.S.C. 1103

 

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[BCR § 302]