Difference between revisions of "Full funding"
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| − | [[Appropriations - General Definition|Appropriations]] | + | [[Appropriations - General Definition|Appropriations]]—regular annual appropriations or advance appropriations—are enacted that are sufficient in total to complete a useful segment of a capital project before any obligations may be incurred for that segment. '''Full funding''' for an entire capital project is required if the project cannot be divided into more than one useful segment. If the asset can be divided into more than one useful segment, full funding for a project may be desirable, but is not required to constitute full funding. |
[[Category:Budget Terms]] | [[Category:Budget Terms]] | ||
Latest revision as of 13:13, July 13, 2016
Appropriations—regular annual appropriations or advance appropriations—are enacted that are sufficient in total to complete a useful segment of a capital project before any obligations may be incurred for that segment. Full funding for an entire capital project is required if the project cannot be divided into more than one useful segment. If the asset can be divided into more than one useful segment, full funding for a project may be desirable, but is not required to constitute full funding.