Contract Authority
A contract authority is a form of budget authority that permits obligations to be made in advance of appropriations.
Read more about this topic: Appropriation (law)
Famous quotes containing the words contract and/or authority:
“Smoking ... is downright dangerous. Most people who smoke will eventually contract a fatal disease and die. But they don’t brag about it, do they? Most people who ski, play professional football or drive race cars, will not die—at least not in the act—and yet they are the ones with the glamorous images, the expensive equipment and the mythic proportions. Why this should be I cannot say, unless it is simply that the average American does not know a daredevil when he sees one.”
—Fran Lebowitz (b. 1950)
“At a distance, we cannot conceive of the authority of a despot who knows all his subjects on sight.”
—Stendhal [Marie Henri Beyle] (1783–1842)