Capital Absorption Opportunity · Public and tribal bodies
Federal and Municipal Appropriations and Agencies
Definition
An appropriation is a law that lets a government agency spend public money for stated purposes; under federal law a statute counts as an appropriation only if it specifically says so, and officials may not obligate or spend more than an appropriation provides.[1] Federal agencies absorb capital through annual and permanent appropriations and pass much of it on as grants, loans and contracts; municipal appropriations are adopted by city, county and other local governing bodies under state and local law.
Federal law
- Act enacting title 31, United States Code, "Money and Finance" (including the Antideficiency Act, 31 U.S.C. § 1341, and Government corporation definitions, 31 U.S.C. § 9101), Pub. L. 97-258, § 1, 96 Stat. 877. Enacted title 31, including 31 U.S.C. § 1301 (what counts as an appropriation and how it may be applied) and § 1341 (the Antideficiency Act limit on obligating or spending beyond an appropriation); governs federal appropriations only. Official text: govinfo.gov, U.S. Government Publishing Office.