GAO Glossary of Terms and Definitions (September 2005)

Forward Funding

Budget authority that is made available for obligation beginning in the last quarter of the fiscal year for the financing of ongoing activities (usually grant programs) during the next fiscal year. This funding is used mostly for education programs, so that obligations for grants can be made prior to the beginning of the next school year. (For a distinction, see Advance Appropriation; Advance Funding; Multiple-Year Authority under Duration under Budget Authority.)

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