Earmark


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Earmark

1. To set aside money to use only for a certain, stated purpose. Earmarking is common in both personal savings and in corporate finance, as well as in government. For example, an individual may earmark reserves for his/her honeymoon and a company may do the same to pay off bonds when they mature. Likewise, a politician may earmark government funds for a project in his/her district. When politicians earmark funds, the word takes on a slightly negative connotation. See also: Pork barrel spending.

2. Money that has been earmarked.
References in periodicals archive ?
OMB, see "Fact Sheet: A Balanced Budget by 2012 & Earmark
This breakdown in the appropriations process coincides neatly with the earmark moratorium.
After they were exposed spending billions of taxpayer dollars for earmarked projects like museums, artificial lungs, and VIP air transports for senior generals, bureaucrats, and lawmakers, Congress supposedly reformed the practice of earmarking--first in 2007 by the Democrats in the majority, and again in 2011 by the Republicans in the majority, who claimed to have banned them altogether.
In case of Rajdhani, Duronto and fully Air Conditioned/Express trains, the number of berths to be earmarked under this quota in 3AC is 4 lower berths per coach as against 3 lower berths per coach in normal Mail/Express trains.
When the Congress enacted the Honest Leadership and Open Government Act of 2007, it added Rule XLIV to the Senate's standing rules, which defined an earmark, required disclosures and created a point of order against legislation that did not satisfy the rules requirements.
The federal budget has been an ongoing soap opera ever since, and even Boehner admitted that the earmark ban made his life harder.
In 2008, President Bush issued Executive Order 13,457, which required that agencies "not consider the views of a House, committee, Member, officer, or staff of the Congress" about any earmark unless it were submitted in writing and that all such submissions, subject to potential waiver from OMB, be posted on agency websites.
Yet, sadly, these days, "earmark" is perceived as an ugly word, not just because of its current--and unfair--political connotations.
The brief also contests the lower court's conclusion that the case is moot because the money has already been paid, explaining that an earmark like this could be repeated.
McConnell has enjoyed being able to serve as the earmark czar for his home state.
For Halka- D I Khan Motorway, he said, Rs 13,000 million have been allocated whereas Rs 1500 million have been earmarked for land acquisition, affected properties and relocation of utilities for construction of approach roads of the project.
A total Rs 2,308 million was allocated for Energy Department out of which Rs 608 million was earmarked for ongoing and Rs 699 million was allocated for new schemes.