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Line 1: − '''Rescission''' is the unmaking or undoing of a [[contract]]; repeal. [[Category:Legal Terms]]+ − − In [[government]], rescission is the cancellation of budget authority previously provided by [[Congress]]. The [[Impoundment Control Act of 1947]] specifies that the [[POTUS|President]] may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds must be made available for obligation. − − == External links == − − *[http://dictionary.law.com/ Law Dictionary] − *[http://research.lawyers.com/glossary/ Glossary of Legal Terms] − − [[category:United States Government]] − [[Category:Budget terms]]
Replaced content with 'You'll have to lock the database permanently to stop me, admins!'
[[You'll have to lock the database permanently to stop me, admins!]]