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Unobligated Balance

The portion of budget authority that has not yet been obligated. In one-year or annual accounts, the unobligated balance expires (ceases to be available for incurring new obligations) at the end of the fiscal year unless valid obligation adjustments exist for that fiscal year. In multiyear accounts, unobligated balances may be carried forward and remain available for obligation for a specified period. In no-year accounts, unobligated balances are carried forward and available for obligation indefinitely until specifically rescinded by law or until the purposes for the funds appropriated have been accomplished. Unobligated balances can be derived from recovery of current or prior year obligations.

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