§ 4591 Separability
§ 4592 Recordkeeping for audit
§ 4593 Payments
§ 4594 Contract authority in appropriation Acts

Terms Used In U.S. Code > Title 42 > Chapter 60 > Subchapter V - General Provisions

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.