Congressional Budget Process: An Explanation (Senate Budget Committee)
Definition of Credit Authority
Credit Authority: Authority to incur direct loan obligations or to incur primary loan guarantee commitments. Under the Budget Act, new credit authority must be approved in advance in an appropriation act.
[The Congressional Budget Process: An Explanation, Appendix J (Glossary), Committee on the Budget of the U.S. Senate, S. Prt. 105-67 (Revised December 1998).]
GAO Glossary of Terms and Definition (September 2005)
Credit, Credit Reform
See under Federal Credit.