Page:United States Statutes at Large Volume 110 Part 4.djvu/556

 110 STAT. 3009 -393 PUBLIC LAW 104-208—SEPT. 30, 1996 (3) by inserting after subparagraph (D) the following: "(E) a listing of agencies whose financial management systems do not comply substantially with the requirements of Section 3(a) the Federal Financigd Management Improvement Act of 1996, and a summary statement of the efforts underway to remedy the noncompliance; and" (c) INSPECTOR GENERAL ACT OF 1978.—Section 5(a) of the 5 USC app. Inspector General Act of 1978 is amended— (1) in paragraph (11) by striking "and" after the semicolon; (2) in paragraph (12) by striking the period and inserting "; and"; and (3) by adding at the end the following new paragraph: "(13) the information described under section 05(b) of the Federal Financial Management Improvement Act of 1996." 31 USC 3512 SEC. 806. DEFINITIONS. For purposes of this title: (1) AGENCY. —The term "agency" means a department or agency of the United States Government as defined in section 901(b) of title 31, United States Code. (2) DIRECTOR. —The term "Director" means the Director of the Office of Management and Budget. (3) FEDERAL ACCOUNTING STANDARDS.—The term "Federal accounting standards" means applicable accounting principles, standards, and requirements consistent with section 902(a)(3)(A) of title 31, United States Code. (4) FINANCIAL MANAGEMENT SYSTEMS. — The term "financial management systems" includes the financisd systems and the financial portions of mixed systems necessary to support financial management, including automated and manual processes, procedures, controls, data, hardware, software, and support personnel dedicated to the operation and maintenance of system functions. (5) FINANCIAL SYSTEM.— The term "financial system" includes an information system, comprised of one or more applications, that is used for— (A) collecting, processing, maintaining, transmitting, or reporting data about financial events; (B) supporting financial planning or budgeting activities; (C) accumulating and reporting costs information; or (D) supporting the preparation of financial statements. (6) MIXED SYSTEM.— The term "mixed system' means an information system that supports both financial and nonfinancial functions of the Federal Government or components thereof. 31 USC 3512 SEC. 807. EFFECTIVE DATE. This title shall take effect for the fiscal year ending September 30, 1997. SEC. 808. REVISION OF SHORT TITLES. — (a) Section 4001 of Public Law 104-106 (110 Stat. 642; 41 U.S.C. 251 note) is amended to read as follows: "SEC. 4001. SHORT TITLE. "This division and division E may be cited as the 'Clinger- Cohen Act of 1996'.".

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