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1 Period of Availability of Appropriated Funds 1 (May 21, 2018)

handle is hein.congrec/pdavapf0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 May 21, 2018 Honorable Steve Womack Co-Chair Joint Select Committee on Budget and Appropriations Process Reform U.S. House of Representatives Washington, DC 20515 Re: Period of Availability of Appropriated Funds Dear Mr. Co-Chair: As requested by your staff, the Congressional Budget Office is providing the Joint Select Committee on Budget and Appropriations Process Reform with information about the period during which discretionary budget authority provided in annual appropriation acts is generally available for obligation. By law, budget authority is provided to allow federal agencies to enter into obligations, and in most cases, those funds expire if they are not obligated during a specified period. Once expired, such funds are no longer available for obligation unless newly appropriated. Discretionary budget authority generally is designated as: Annual authority, which expires at the end of the first year in which an appropriation is made available (unless explicitly stated otherwise, funds provided in appropriation acts are available for one year only); Multiyear authority, which expires at the end of a designated period of more than one year; or No-year authority, which does not expire but remains available until the funds are expended.

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