Time Statute - ANSWER Bona Fide Need-Time Statute: A fiscal year appropriation must only be obligated for a legitimate or bona fide need arising in the FY for which the appropriation was made.
Amount Statue - ANSWER Anti-Deficiency Act: Prohibits obligating, expending, or authorizing an obliga...
Time Statute - ANSWER Bona Fide Need-Time Statute: A fiscal year appropriation must only be
obligated for a legitimate or bona fide need arising in the FY for which the appropriation was made.
Amount Statue - ANSWER Anti-Deficiency Act: Prohibits obligating, expending, or authorizing an
obligation or expenditure of funds in excess of the amount available in an appropriation or in
advance of obligation.
Current - ANSWER Available for new obligation; has not yet expired
Expired - ANSWER Availability has expired for new obligations; but funds are available to adjust and
liquidate previous obligations
Cancelled - ANSWER Money is no longer available for any purpose.
Incremental Funding - ANSWER funds are obligated to cover amount allotted and corresponding fee
for a given period of time with additional funds to follow
1. 3400 O&M, and 3600 RDT&E
2. Obligate the first year (to cover the year of appropriation) and budget for the rest
a. Exception is you can fund into the 1st Qtr of next year (forward funding or forward financing)
b. Congress is OK with incrementally funding RDT&E b/c it's a big unknown and there are often many
changes and it helps control costs
c. Advance Procurement would be a situation where you can incrementally fund with 3010 and 3080
funds.
d. 3400 such as grounds maintenance
3. LOF - Cost contracts (Incrementally funded)
4. LOGO - fixed price contracts (Incrementally funded)
· Government is obligated only to a certain amount specified in clause
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