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Allotment
Allotment
An authorization by either the agency head or another authorized employee to his/her subordinates to incur Obligations within a specified amount. Each agency makes allotments pursuant to specific procedures it establishes within the general requirements stated in OMB Circular A-34. The amount allotted by an agency cannot exceed the amount apportioned by OMB. (GAO) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
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