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Appropriation
Appropriation
One of the basic forms of Budget Authority. Statutory authority that allows federal agencies to incur Obligations and to make payments out of the Treasury for specified purposes. An appropriation act is the most common means of providing budget authority, but in some cases the authorizing legislation itself provides the budget authority. (OMB Circular A-34, Part II, Section 21.1 (Budget Authority, p. II-3) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
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