Obligation (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Obligation photo credit: smudie A legally binding agreement that will result in outlays, immediately or in the future. A promise to pay. The obligation, the promise to pay, is the initial action in the Federal spending process. Appropriations laws establish whether funds are available to … Read more

Recent CRS Reports – March 2013

Social Networking and Constituent Communications: Members’ Use of Twitter and Facebook During a Two-Month Period in the 112th Congress, CRS Report R43018, March 22, 2013 (20-page PDF) Alternative Fuel and Advanced Vehicle Technology Incentives: A Summary of Federal Programs, CRS Report R42566, January 10, 2013 (47-page PDF) Receipt of Unemployment Insurance by Higher-Income Unemployed Workers … Read more

Categories CRS

Outlay (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Outlay photo credit: smudie Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. The issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate a federal obligation. Outlays also occur when interest on … Read more