Description: The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured. This policy relates to Congress's power of the purse and its responsibility for conducting oversight of DOD programs. In recent years, some DOD weapons--specifically, certain Navy ships--have not been procured in accordance with the above policy. The DOD is requesting that certain procurements take place without keeping with the above and precedented policy. The full funding policy helps keeps DOD procurements streamlined so that they can be easily followed and recorded; deviations from this policy would limit and complicate Congress's oversight of DOD procedures.
Date: June 20, 2006
Creator: O'Rourke, Ronald & Daggett, Stephen
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department