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'''Budget authority''' is authority provided by law to enter into obligations that will result in outlays of [[Federal]] funds. Budget authority may be classified by the period of availability (one-year, multiyear, no-year), by the timing of [[congressional]] action (current or permanent), or by the manner of determining the amount available (definite or indefinite).<ref>http://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm</ref>

'''Budget authority''' is authority provided by law to enter into obligations that will result in outlays of [[Federal]] funds. Budget authority may be classified by the period of availability (one-year, multiyear, no-year), by the timing of [[congressional]] action (current or permanent), or by the manner of determining the amount available (definite or indefinite).<ref>http://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm</ref>