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Contract Authority
Contract Authority
One of the basic forms of Budget Authority. Statutory authority under which contracts or other Obligations may be entered into prior to an appropriation for the payment of such obligations. The later enacted Appropriation provides cash to liquidate such obligations. (JFMIP Core; A-34, Part 11, Section 21.1 (Budget Authority), p. 11-3) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
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