Which term describes funds that are no longer available for new obligations due to the expiration of the appropriation period?

Which term describes funds that are no longer available for new obligations due to the expiration of the appropriation period?

• A. Expired funds
• B. OSD Comptroller
• C. Office of Management and Budget (OMB)
• D. Developmental Test (DT)

Answer: (A)

Funds are available for new obligations only during a defined period of availability. When that period ends, the funds become expired and can no longer be used to place new obligations. They can still be used to pay obligations that were incurred before expiration, but you cannot initiate new commitments with expired funds. The other items refer to roles or activities (a comptroller, a budgeting office, or a development test) and do not describe the status of funds or their availability for new obligations.

Funds are available for new obligations only during a defined period of availability. When that period ends, the funds become expired and can no longer be used to place new obligations. They can still be used to pay obligations that were incurred before expiration, but you cannot initiate new commitments with expired funds. The other items refer to roles or activities (a comptroller, a budgeting office, or a development test) and do not describe the status of funds or their availability for new obligations.