encyclopedia

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,…

APPROVED BUDGET

The Approved Project Budget as established by the Metro Board of Directors at the time it authorizes Construction Project Management Division to commence full design and construction of the project (Project Adoption)

APPROVED EQUAL

A substitute offered by a prospective Bidder which is accepted by the MTA in accordance with applicable law and procedures stipulated in the Solicitation Documents as equal to or better than a designated process or manufacturers’ brand-name product.