Category: Planning_Administration_Finance

APPORTIONMENT

A federal budgetary term that refers to a statutorily prescribed division or assignment of funds. It is based on prescribed formulas in the law and consists of dividing authorized obligation authority for a specific program among transit systems. (APTA)

APPROPRIATION

A federal budgetary term that refers to an act of Congress that permits federal agencies to incur obligations and make payments out of the Treasury for specified purposes. An appropriation act is the most common means of providing budget authority,…

BUDGET AUTHORITY

A federal budgetary term that refers to legal authority given by Congress to federal agencies to make funds available for obligation or expenditure.

BUDGET RESOLUTION

A federal budgetary term that refers to a concurrent resolution passed by both Houses of Congress, but not requiring the signature of the President, setting forth the congressional budget for each of five fiscal years. The budget resolution sets forth…

BUS DISCRETIONARY CAPITAL

Federal funding granted under Section 3 of the Federal Transit Act (formerly known as the Urban Mass Transportation Act). These discretionary funds are used for bus-related construction projects or to replace, rehabilitate or purchase buses. (APTA)

CAPITAL ASSISTANCE

Financial assistance for transit capital expenses (not operating costs); such aid may originate with federal, local or state governments. (APTA)

CAPITAL COSTS

Nonrecurring or infrequently recurring of long-term assets, such as land, guideways, stations, buildings, and vehicles. These costs often include related expenses, for example, depreciation and property taxes.

CONTRACT AUTHORITY

A federal budgetary term that refers to a form of budget authority permitting obligations to be incurred in advance of appropriations. Advance obligations, however, have been limited by the appropriations committees with obligation limitations.