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| Obligation Authority:
The amount of budgetary resources (including new budget
authority, balances of unobligated budget authority carried
over from prior years, and obligation limitations) available
for obligation in a given fiscal year. With regard to
the federal-aid highway program, obligation authority
often refers to the amount of federal-aid obligation limitation,
established annually by Congress in appropriation acts,
that is allocated to the states and controls the amount
of apportioned contract authority that can be obligated
by the states in a given fiscal year. |
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| Original
Discount Rate:
Discount rate originally
used to calculate
the present value
of direct loans or
loan guarantee liabilities,
when the direct or
guaranteed loans were
disbursed. |
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| Outlays:
An outlay represents an official payment of funds. |
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