Budget authority

Budget Authority
Budget Authority definition :
Broad responsibility conferred by Congress that empower government agencies to spend federal funds. Congress can specify criteria for the spending of these funds.

Budget authority
Broad responsibility by Congress that government agencies have the power to spend federal funds. Congress can specify criteria for the spending of these funds.

Definition: Budget authority provided in an appropriation act that is first available for obligation in a fiscal year after the year for which the appropriation was enacted.

The basic forms of budget authority are; appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections.

Definition: The budget authority, outlays, and receipts of certain Federal entities that have been excluded from budget totals under provisions of law.

Their budget authority is not included in totals of the budget. Off-floor order Used for listed equity securities.

A term to identify funds appropriated in one fiscal year and rebudgeted in a future year to provide budget authority for expenditures; a single term to identify fund balance and reserve for prior year encumbrances.

Effected when payment and receipt both occur within the budget, or when payment is made from off-budget federal entities whose budget authority and outlays are excluded from the budget totals.
Intracommodity spread ...

Federally owned and controlled entities whose transactions are excluded from the budget totals under provisions of law. Their receipts, outlays, and surplus or deficit are not included in budget receipts, outlays or deficits. Their budget authority ...

Budget and Finance Committee
Budget and Forecasting System
Budget and Program Resource Review
Budget and Reporting
Budget and Reporting Classification
Budget and Reporting System
Budget At Completion
Budget authority ...

Intrabudgetary transactions Effected when payment and receipt both occur within the budget, or when payment is made from off-budget federal entities whose budget authority and outlays are excluded from the budget totals.

See also: Saving, Bills, Expense, Mortgage pipeline, Imbalance of orders