Statutory Funding
/ˈstætʃəˌtɔri ˈfʌndɪŋ/
Definitions
- (n.) Funding that is mandated or authorized by statute to support specific governmental or public functions.
The agency received statutory funding to implement the new environmental regulations.
Forms
- statutory funding
Related terms
See also
Commentary
Statutory funding is distinguished from discretionary funding by its basis in law, ensuring guaranteed financial support unless the statute is amended or repealed.
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.