Borrowing Authority in the United States
Borrowing Authority in the Federal Budget Process
Meaning of Borrowing Authority in the congressional and executive budget processes (GAO source): Budget authority enacted to permit an agency to borrow money and then to obligate against amounts borrowed. It may be definite or indefinite in nature. Usually the funds are borrowed from the Treasury, but in a few cases agencies borrow directly from the public. (See also Debt, Federal.)
Guide to U.S. Federal Forms of Budget Authority (Budget Process)
- Forms of Budget Authority
- Appropriations
- Borrowing Authority
- Contract Authority
- Offsetting Receipts and Collections
Borrowing Authority
In Legislation
Borrowing Authority in the U.S. Code: Title 31, Subtitle III, Chapter 31, Subchapter I
The current, permanent, in-force federal laws regulating borrowing authority are compiled in the United States Code under Title 31, Subtitle III, Chapter 31, Subchapter I. It constitutes “prima facie” evidence of statutes relating to Finance (including borrowing authority) of the United States. The reader can further narrow his/her legal research of the general topic (in this case, Financial Management, Public Debt and Public Finance of the US Code, including borrowing authority) by chapter and subchapter.
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Borrowing Authority)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control
(J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance
(JM Poterba, J von Hagen, 2008)