TeachMeFinance.com - explain obligation delay
obligation delay -- Legislation that precludes the obligation of an amount of budget authority
provided in an appropriation act or some other law until some time after the first day on which that
budget authority would normally be available. For example, language in an appropriation act for fiscal
year 2002 that precludes obligation of an amount until March 1 is an obligation delay; without that
language, the amount would have been available for obligation on October 1, 2001 (the first day of
fiscal year 2002).
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