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Expired Budget Authority
Expired Budget Authority
Budget Authority which is no longer available to incur new obligations. Such authority is still available for 5 years after the account expires for the payment of those valid obligations which were incurred before the authority expired. Unobligated Balances of expired budget authority remain available for 5 years after the account expires to cover adjustments to prior obligations or obligations that should have been, but may not have been, recorded at that time.
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