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Appropriation (or Fund) Account


An account established in the Treasury to record appropriations and other budgetary resources provided by annual authorization and appropriation acts and to record transactions affecting the account. Accounts are established pursuant to appropriations and are available for incurring obligations, as follows. a. One-year or annual accounts are available for obligation only during a specified fiscal year and expire at the end of that fiscal year. b. Multiyear accounts are available for specified time in excess of one fiscal year. c. No-year accounts are available for an indefinite period, usually until the objectives for which the authority was made available are attained or all funds are expended.

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  • Budget

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