| |
| | [No title] |
 | | Budget authority may be classified by the period of availability (l-year, multiple-year, no-year, by the timing of legislative actions (current or permanent), or by the manner of determining the amount available (definite or indefinite). |
 | | Budget authority that remains available for obligation for an indefinite period of time, usually until the objectives for which the authority was made available are attained. |
 | | The first, due by 15 May, establishes the congressional budget targets for the next fiscal year; the second, scheduled to be passed by 15 Sep, sets a ceiling on budget authority and outlays and a floor on receipts. |
| www.asbar.org /Regs/asac5.htm (9508 words) |
|