Budget Authority
/ˈbʌdʒɪt əˈθɒrɪti/
Definitions
- (n.) The legal authorization provided by law that allows a government agency to incur financial obligations and make payments from the Treasury.
Congress must first grant budget authority before the agency can obligate funds.
Forms
- budget authority
Related terms
See also
Commentary
Budget authority is distinct from actual spending; it is a prerequisite legal power to obligate or spend funds under fiscal law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.