budget authority
Defined in 2 places of the United States Code.
In general.—The term "budget authority" means the authority provided by Federal law to incur financial obligations, as follows:
(i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections;
(ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits;
(iii) contract authority, which means the making of funds available for obligation but not for expenditure; and
(iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority.
Source
- 1994–20152 U.S.C. § 622The Congress · Definitions · in this section
The term “budget authority” means the authority provided by Federal law to incur financial obligations, as follows:
(i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections;
(ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits;
(iii) contract authority, which means the making of funds available for obligation but not for expenditure; and
(iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority.
Source
- 2013–present2 U.S.C. § 622The Congress · Definitions · in this section
The terms “budget authority”, “new budget authority”, “outlays”, and “deficit” have the meanings given to such terms in section 3 of the Congressional Budget and Impoundment Control Act of 1974 [2 U.S.C. 622] and “discretionary spending limit” shall mean the amounts specified in section 901 of this title.
Source
- 1997–present2 U.S.C. § 900The Congress · Statement of budget enforcement through sequestration; definitions · as used in this subchapter
The terms “budget authority”, “new budget authority”, “outlays”, and “deficit” have the meanings given to such terms in section 3 of the Congressional Budget and Impoundment Control Act of 1974 [2 U.S.C. 622] (but including the treatment specified in section 907(b)(3) of this title of the Hospital Insurance Trust Fund) and the terms “maximum deficit amount” and “discretionary spending limit” shall mean the amounts specified in section 601 of that Act [2 U.S.C. 665] as adjusted under sections 901 and 903 of this title.
Source
- 1994–19972 U.S.C. § 900The Congress · Statement of budget enforcement through sequestration; definitions · as used in this subchapter