U.S. Code > Title 42 > Chapter 60 > Subchapter V – General Provisions
Current as of: 2024 | Check for updates
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Other versions
| § 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.