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Budget Counsel

A Reference for the Laws and Rules of the Congressional Budget Process

§022l. (GAO) Lockbox

GAO Glossary of Terms and Definitions (September 2005)

Lockbox

In the budget context, any of several legislative mechanisms that attempt to isolate, or “lock away,” funds of the federal government for purposes such as reducing federal spending, preserving surpluses, or protecting the solvency of trust funds.

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