NEW BUDGET AUTHORITY Clause Samples
The "New Budget Authority" clause establishes the legal authorization for an entity, typically a government agency, to incur financial obligations or make expenditures that were not previously permitted under existing budgets. In practice, this clause specifies the amount of new funds allocated, the purposes for which they may be used, and any conditions or limitations on their use. Its core function is to ensure that spending is properly authorized and controlled, preventing unauthorized expenditures and maintaining fiscal discipline.
NEW BUDGET AUTHORITY. For purposes of the enforce- ment of this resolution, the appropriate levels of total new budget authority are as follows: Fiscal year 2022: $4,417,362,000,000. Fiscal year 2023: $4,579,359,000,000. Fiscal year 2024: $4,699,353,000,000. Fiscal year 2025: $4,940,084,000,000. Fiscal year 2026: $5,107,577,000,000. Fiscal year 2027: $5,311,640,000,000. Fiscal year 2028: $5,633,086,000,000. Fiscal year 2029: $5,722,075,000,000. Fiscal year 2030: $6,064,522,000,000. Fiscal year 2031: $6,365,907,000,000.
NEW BUDGET AUTHORITY. (A) For purposes of compari- son with the maximum deficit amount under sections 601(a)(1) and 606 of the Congressional Budget Act of 1974 and for purposes of the enforcement of this resolution, the appropriate levels of total new budget authority are as follows: