GAO Glossary of Terms and Definitions (September 2005)

Expired Account

An account within the Department of the Treasury to hold expired budget authority. The expired budget authority retains its fiscal year (or multiyear) identity for an additional 5 fiscal years. After the 5-year period has elapsed, all obligated and unobligated balances are canceled, the expired account is closed, and all remaining funds are returned to the general fund of the Treasury and are thereafter no longer available for any purpose. (See Expired Budget Authority under Availability for New Obligations under Budget Authority.)

[Page 48]

---

Previous: Expense

Next: FACTS II