unfunded highway authorizations
Defined in 1 place of the United States Code.
The term “unfunded highway authorizations” means, at any time, the excess (if any) of—
(i) the total potential unpaid commitments at such time as a result of the apportionment to the States of the amounts authorized to be appropriated from the Highway Trust Fund, over
(ii) the amount available in the Highway Trust Fund at such time to defray such commitments (after all other unpaid commitments at such time which are payable from the Highway Trust Fund have been defrayed).
Source
- 1994–present26 U.S.C. § 9503Internal Revenue Code · Highway Trust Fund · in this section