Changes

Binding agreements that will result in outlays, immediately or in the future. Budgetary resources must be available before obligations can be incurred legally. Unliquidated obligations should be reviewed regularly and those not likely to require payment should be deobligated.

Binding agreements that will result in outlays, immediately or in the future. Budgetary resources must be available before obligations can be incurred legally. Un-liquidated obligations should be reviewed regularly and those not likely to require payment should be de-obligated.