Obligational Authority
Obligation authority is the sum of (1) enacted budget authority, (2) unobligated balances of unexpired amounts from prior years, (3) offsetting collections to be credited, and (4) transferred budget authority.
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Obligation authority is the sum of (1) enacted budget authority, (2) unobligated balances of unexpired amounts from prior years, (3) offsetting collections to be credited, and (4) transferred budget authority.