Empowerment by the Congress that allows Federal agencies to incur obligations to spend or lend money generally by appropriations from the General Revenues to the Treasury. However, for the Discretionary Program category, budget authority is derived from the Trust Fund Resource by "contract authority".

The authority provided by law to incur financial obligations that will result in outlays. Specific forms of budget authority include appropriations, borrowing authority, contract authority, and spending authority from offsetting collections. ...

the ability that permits someone or an entity to set up a contract or obligation that will require them to use federal funds at once or at some point in the future. There are three types of budget authority: contract authority, borrowing authority, and appropriation.

The legal authority Congress gives to federal agencies that allows the agencies to enter into obligations that will result in immediate or future outlays of federal government funds.

Amount of money Congress makes available to an agency through authorizations and appropriations in a fiscal year. Legal authority for an agency to enter into obligations for the provision of goods and services.

Budget authority is the authority provided by Federal law to incur financial obligations that will result in outlays. Specific forms of budget authority include: provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend offsetting receipts and collections; borrowing authority, which is authority granted to a Federal entity to borrow (e.g., through the issuance of promissory notes or monetary credits) and to obligate and expend the borrowed funds; contract authority, which is the making of funds available for obligation but not for expenditure; and offsetting receipts and collections as negative budget authority.

Budget authority is what the law authorizes, or allows, the federal government to spend for programs, projects, or activities. It's an empowerment by Congress that allows federal agencies to incur obligations to spend or lend money. This empowerment is generally in the form of appropriations, but for the major highway program categories, it is in the form of "contract authority". Budget authority permits agencies to obligate all or part of the funds that were previously "authorized". Without budget authority, federal agencies cannot commit the government to make expenditures or loans.

Budget authority represents the authority to spend. Within the Auxiliary Trust Funds, budget authority represents the estimated figures for revenues and expenditures submitted by each departments respective project leader. Budget authority can be amended during the fiscal year up or down depending on actual departmental performance. Due to its use as an estimating tool, Auxiliaries are required to have both budget authority and cash in order to spend. Please see the definition for "Cash" for more detail since the two components are complimentary. Adjustments to budget authority can be accomplished through an amendment increasing or decreasing total budget authority at the fund level and/or through a budget transfer if a shift from one category to another is needed at the departmental level. Any questions or request should be forwarded to the University Business Office (please see Contact section under website toolbar for names and contact numbers).

The authority to enter into obligations that will result in immediate or future expenditure of Federal funds. The three main kinds of budget authority ate appropriation, contract authority, and borrowing authority.

Legal authority given to federal agencies to obligate government funds. Budget authority can be granted through appropriations bills, through borrowing authority, or through contract authority.

Authority provided by law to incur financial obligations that will result in immediate or future outlays of federal government funds. Budget authority may be provided in an appropriation act or authorization act and may take the form of authority to obligate offsetting collections or receipts. Offsetting collections and receipts are classified as negative budget authority. See appropriation act, authorization act, offsetting collections, offsetting receipts, and outlays.

The authority becoming available during the year to enter into obligations that result in immediate or future outlays of government funds.

(Authorization) Authority provided by law to enter into financial obligations that will result in immediate or future outlays involving federal government funds. Each fiscal year, ITA Budget Office sends FCS a cable indicating its available budget authority to incur obligations.

Authority provided to the U.S. Government by law to enter into obligations which result in outlays or government funds.

Authority provided by law to enter into obligations that will result in immediate or future outlays. It may be classified by the period of availability, by the timing of congressional action, or by the manner of determining the amount available.

Broad responsibility by Congress that government agencies have the power 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.

Legal authority to spend monies for programs, projects, or activities. Budget authority may be classified by the period (one-year, multiyear, no-year), the timing of congressional action (current or permanent), or manner of determining the amount available (definite or indefinite).

A federal budgetary term that refers to legal authority given by Congress to federal agencies to make funds available for obligation or expenditure.

Authority provided by law to enter into financial obligations that will result in immediate or future outlays of federal government funds. Budget authority includes the credit subsidy costs for direct loan and loan guarantee programs. Basic forms of budget authority include appropriations, borrowing authority, contract authority, and authority to obligate and expend offsetting receipts and collections.

Legal authority to incur financial obligations that will result in the spending of federal government funds. Budget authority may be provided in an authorization or an appropriation act. Offsetting collections, including offsetting receipts, constitute negative budget authority.

Authority to enter into obligations which will result in immediate or future outlays involving federal funds. 4

The authority provided by law to incur financial obligations that will result in actual spending (outlays), either immediately or in the future.

Empowerment by Congress that allows federal agencies to incur obligations to spend or lend money. This empowerment generally is in the form of appropriations from general revenues to the U.S. Treasury. However, for discretionary programs, it is in the form of "contract authority" derived from the Trust Fund Resource.