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Deferral of Budget Authority: Key Insights and Legal Implications
Definition & Meaning
The deferral of budget authority refers to the act of postponing or delaying the use of allocated budget funds for specific projects or activities. This can occur through various means, such as setting aside funds or taking actions that prevent the spending of those funds. Essentially, it involves any executive decision that limits or restricts the ability to commit budget resources, including the authority to enter contracts before appropriations are officially granted by law.
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Legal Use & context
This term is commonly used in the context of federal budget management and public finance. It plays a significant role in legislative and executive processes, particularly when discussing the allocation and expenditure of government funds. Understanding the deferral of budget authority is essential for those involved in public administration, finance, and legal compliance, as it can affect a range of legal areas including administrative law and public finance law.
Users can manage related processes through legal templates provided by US Legal Forms, which are drafted by experienced attorneys to ensure compliance with relevant laws.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
(Hypothetical example) A government agency plans to launch a new infrastructure project but faces a deferral of budget authority due to a temporary suspension of funding by the executive branch. This means the agency cannot proceed with contracts or expenditures related to the project until the deferral is lifted.
Relevant laws & statutes
The primary legal reference for the deferral of budget authority is found in Title 2 of the United States Code, Section 682. This statute outlines the conditions under which budget authority can be deferred and the implications of such actions.
Common misunderstandings
What to do if this term applies to you
If you are affected by a deferral of budget authority, it is important to stay informed about the status of your funding. You may want to:
Monitor communications from the relevant executive agency regarding the deferral.
Consult legal resources or templates from US Legal Forms to understand your rights and options.
Seek professional legal advice if the situation becomes complex or impacts your operations significantly.
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