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Budget Authority

   Also found in: Acronyms 0.04 sec.
Budget authority
Broad responsibility conferred by Congress that empower government agencies to spend federal funds. Congress can specify criteria for the spending of these funds. For example, it may stipulate that a given agency must spend within a specific year, number of years, or any time in the future.

The basic forms of budget authority are; appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections. The period of time during which Congress makes funds available may be specified as one-year, multiple years or no year. The available amount may be classified as either definite or indefinite; a specific amount or an unspecified amount can be made available. Authority may also be classified as current or permanent. Permanent authority requires no current action by Congress.


Budget Authority
Ability conferred by law upon government organizations to receive and spend the state's money. In the United States, Congress may confer budget authority on federal agencies according to various classifications. They may classify budget authority by the amount available (definite or indefinite), the timing of congressional action (current or permanent), or duration (one-year, multiyear, or no year).


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``We're all concerned with the costs, but we're within our federal and state budget authority,'' said Robert Sleppy, chief of the environmental services section of the state's Department of General Services.
The budget authority will end along with the current law in 2007.
The finance department is buying the product, but we see the users as anyone with a cost center or a departmental manager with budget authority who will be doing re-forecasting and variance reporting against what's actually happening," he said.
 
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