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Term commonly used to refer to legal limits for each fiscal year on the budget authority and outlays provided by discretionary appropriations. A sequester is required if an appropriation causes a breach in the cap.
Term commonly used to refer to legal limits for each fiscal year on the budget authority and outlays provided by discretionary appropriations. A sequester is required if an appropriation causes a breach in the cap.
[[category:accounting]]
[[category:government]]
[[category:finance]]