Budget Authority
Acronyms
- BA
Preferred Term
- None
Non-standard Terms
- None
Definitions
Type | Definition | Sources |
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Noun | Authority provided by law • to enter into obligations that will result in immediate or future outlays involving government funds or • to collect offsetting receipts [2 U.S.C. 622(2)]. The Congress provides an organization with budget authority and may place restrictions on the amount, purpose, and timing of the obligation or expenditure of such authority. The three forms of budget authority are appropriations, borrowing authority, contract authority. (used 0 times in citations and controls) |
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Noun | Authority provided by federal law to enter into financial obligations that will result in immediate or future outlays involving federal government funds. The basic forms of budget authority include: • appropriations, • borrowing authority, • contract authority, and • authority to obligate and expend offsetting receipts and collections. Budget authority includes the credit subsidy cost for direct loan and loan guarantee programs, but does not include the underlying authority to insure or guarantee the repayment of indebtedness incurred by another person or government. (used 0 times in citations and controls) |
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Other Forms
Type | Other Form |
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Plural | Budget Authorities |
Plural Possessive | Budget Authorities' |
Possessive | Budget Authority's |
Relationships
Common Controls
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Citations
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