FINANCIAL MANAGEMENT POLICY MANUAL

programmed for use by Marine general purpose forces such as Marine
divisions and tank and amphibious tractor battalions. This equipment
provides the hardware for defense of advanced naval bases, limited war
landing operations, and general land warfare.
2. APPROPRIATION LANGUAGE.
The Department of Defense Appropriations Act provides language for the
PMC appropriation as follows:
"For expenses necessary for the procurement, manufacture, and
modification of missiles, armament, military equipment, spare parts,
and accessories therefore; plant equipment, appliances, and machine
tools, and installation thereof in public and private plants; reserve plant
and Government and contractor-owned equipment layaway; vehicles
for the Marine Corps, including purchase of not to exceed _____
passenger motor vehicles for replacement only; and expansion of
public and private plants; including land necessary therefore, and such
lands, and interests therein, may be acquired and construction
prosecuted thereon prior to approval of title, $_____, to remain
available for obligation until September 30, 20___."
3. LIMITATIONS
a. Authorizing Legislation.
As specified in 10 U.S. Code 114, the acquisition of tracked combat
vehicles, missiles, other weapons, and other procurement to be
financed by PMC must first be approved through authorizing
legislation.
b. Time Limitations.
(1) Administrative.
Obligation targets are established at the budget activity level for
the PMC appropriation for obligation of funds for each program
year starting with 1 October of each fiscal year. This limitation on
the period of fund availability for obligation purposes is designed
to accelerate obligation performance and reduce excessive carryover
of unobligated funds in accordance with the expressed desires
of Congress.
(2) Statutory.
The budget request submitted to the Congress for each fiscal year
under the PMC appropriation is for a multiple-year appropriation
to remain available for obligation for 3 fiscal years. Each fiscal
year appropriation enacted is separate and discrete. Following the
period of availability for incurring new obligations, the account
remains available for use for 5 years for effecting authorized
Financial Management Policy
2-71