What is Sunset Clause, Sunset Clause : The language contained in a law which states the

What is Sunset Clause

Sunset Clause: The language contained in a law which states the expiration (termination) date for that statute.

Related Questions in Finance Basics

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Continuing Appropriation: This is an appropriation for the set amount which is obtainable for more than 1-year.

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What is Appropriation Without Regard To Fiscal Year (AWRTFY): The appropriation for a particular amount that is obtainable from year to year until completely expended.

Q : Pros and cons of commercial paper

Describe pros and cons of commercial paper associated to bank loans for a company seeking short-term financing? Usually commercial paper is a cheaper source of short-term financing for a firm, compared to bank loans. Also, a larger amount of fu

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Banks desire to make short-term, self-liquidating loans to businesses. Why? Banks desire to be able to illustrate where the funds are likely to come from such that the borrower is capable to employ to make the req

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Q : What is Expenditure Authority

Expenditure Authority: The authorization to make expenditure (generally by a budget act appropriation, provisional language or some other legislation).

Q : What is Indirect Costs Indirect Costs :

Indirect Costs: The costs which by their nature can’t be readily related with a particular organization unit or program. Similar to general administrative expenses, indirect costs are dispersed to the organizational unit(s) or programs that bene