--%>

Explain the term Continuous Appropriation

Continuous Appropriation: The constitutional or statutory expenses authorization that is renewed each year without additional legislative action. The amount obtainable might be particular, recurring sum each year; all or a specified part of the proceeds of specified revenues that have been dedicated enduringly to a certain purpose; or it might be whatever amount is designated for the purpose as established by formula, example, school apportionments. Note: The Government Code Section 13340 sunsets statutory constant appropriations on June 30 with exceptions precise in the section and other statutes. Section 30.00 of the annual Budget Act traditionally expands the constant appropriations for one extra fiscal year.

   Related Questions in Finance Basics

  • Q : How does the market find out the fair

    How does the market find out the fair value of a bond?The fair value of bond is the present value of the bond's coupon interest payments plus the present value of the face value payment at maturity, discounted at the market's required rate of re

  • Q : Consumers advocates expressed concern

    Consumer's advocates expressed concern over such merger possibilities. Elucidate this statement.

  • Q : Describe NAFTA Normal 0 false false

    Normal 0 false false

  • Q : How do mergers influence small

    How do mergers influence small businesses?According to a recent study through Federal Reserve & Wharton Financial Institutions Center economists, not a great deal. Their analysis revealed that acquisitions don't seem to be related with a sig

  • Q : Equilibrium level of aggregate

    Normal 0 false false

  • Q : Explain Unscheduled Reimbursements

    Unscheduled Reimbursements: The Reimbursements collected by an agency which were not budgeted and are accounted for by an individual reimbursement class of an appropriation. To expend unscheduled reimbursements, the budget revision sh

  • Q : What are the Changes in Authorized

    Changes in Authorized Positions (“Schedule 2”): This is a schedule in the Governor’s Budget which reflects staffing changes made following to the adoption of the present year budget and enacted legislation. This planned document modi

  • Q : Compute GDP by the expenditure - income

    Normal 0 false false

  • Q : Consolidated balance sheets for the

    In the below table you will determine consolidated balance sheets for the chartered banking system & the Bank of Canada. Employ columns 1 through 3 to show how the balance sheets would read after each of transactions a to c is finished. Analyze

  • Q : Free-rider problem Normal 0 false false

    Normal 0 false false