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10y ago

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Which branch gives the OK for budget spending?

The legislative branch authorizes and appropriates funds for budget spending.


Which branch appropriates money?

The executive branch is the branch that appropriates money.


Who perpares the states budget?

The State's General Assembly (legislative branch) approves and appropriates the State's budget. The process in general goes as follows Each Agency/Office submits a budget request based on need/previous year. Agencies are punished for not spending these budgets, so requests must be specific. After the General Assembly approves the fiscal year budget, the State Budget Agency appropriates the funds to each Agency's fund/centers (accounts). The State expenses are unrelated to the income coming in, as not all agencies even receive income (IRS vs. Social Security Administration). So all revenue funds are deposited into the 'black hole' of the General Fund, then the Legislators approve how much can be taken out, and the State Budget Agency literally delegates it out, in general on the quarters. Any appropriated dollars not spent are returned to the 'black hole' of the General Fund.


What are the president's and congress' roles?

Congress has the task of passing the laws and the President is charged with carrying them out and enforcing them. Congress appropriates the federal funds and the president spends them. Congress sets the taxes and the president collects them.


Is a attorney general in charge of state funds?

false, the comptroller is in charge of state funds.


Which State official usually authorizes spending of State funds?

The treasurer usually authorizes spending of state funds.


Who is the custodian of state funds?

State Treasurer


Where does the state of Texas get funds?

your wallet


Into what categories are mutual funds known as bond funds divided?

Main categories in taxable bond funds are corporate bond funds, high-yield funds, world bond funds, government bond funds, and strategic income funds. The main tax-free bond fund categories are state municipal bond funds


The president's refusal to spend money is called?

When a president refuses to spend money that Congress appropriates, ii is called impoundment of funds. This was a power that that was first exercised by the U.S. President Thomas Jefferson in 1801. In 1974, the Impoundment Control Act was enacted to limit this power of presidents.


What are the funds collected by the Illinois lottery used for?

The funds collected by The Illinois Lottery are used for the LotteryÍ—‘_Í_‘‰s operating costs like paying its employees, paying the printing of lottery tickets, contributing to the State Education Funds and funding of State Capital Funds to name a few.


What is the largest expenditure of state funds?

mainly education.