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Apportionment
Housing and Lending Information from HUD


 
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Apportionment

Apportionment
A distribution made by OMB of amounts available for Obligation, authorized by an Appropriation and out of a Fund Account into amounts available for specified time periods, activities, projects, objects, or combinations thereof. The amounts so apportioned limit the obligations that may be incurred. (OMB Circular A-34, Part II, Section 21.1, p. II-1)

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Copyright 2006. Keith P. Graham