### Question
What is the definition of budget authority?


### Answer
The definition of **budget authority** is as follows in *2 U.S.C. § 622*:

> the authority provided by Federal law to incur financial obligations, as follows:


(i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections

#### Citation:
  - *2 U.S.C. § 622*
  - Heading: **CHAPTER 17A-CONGRESSIONAL BUDGET AND FISCAL OPERATIONS**

