The Economy Act is codified in which Title and sections?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

The Economy Act is codified in which Title and sections?

Explanation:
The Economy Act is codified in Title 31 of the United States Code, specifically sections 1535 and 1536. This Act provides the framework for interagency acquisitions and reimbursements between federal agencies, so the legal rules about who pays whom and how the arrangement is documented sit under the Money and Finance title. That’s why it isn’t found in Title 5, which covers organization and personnel, or Title 41, which deals with public contracts in different procurement contexts. In short, the correct codification places the Economy Act in 31 U.S.C. 1535 and 1536, reflecting its financial/budgetary nature and the interagency transaction mechanics it governs.

The Economy Act is codified in Title 31 of the United States Code, specifically sections 1535 and 1536. This Act provides the framework for interagency acquisitions and reimbursements between federal agencies, so the legal rules about who pays whom and how the arrangement is documented sit under the Money and Finance title. That’s why it isn’t found in Title 5, which covers organization and personnel, or Title 41, which deals with public contracts in different procurement contexts. In short, the correct codification places the Economy Act in 31 U.S.C. 1535 and 1536, reflecting its financial/budgetary nature and the interagency transaction mechanics it governs.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy