CFI 100 Certifying Officer And Accountable Official Course Practice Test

What does CRA stand for in this context?

Current Revenue Allocation Continuing Resolution Authority Contract Reallocation Act Credit Review Administration

Correct Answer:

Continuing Resolution Authority

Explanation:

Continuing Resolution Authority refers to the government's ability to keep funding operations at current levels when new appropriation bills haven’t been enacted yet. It acts as a temporary stopgap that allows agencies to continue spending money to pay for programs and services, preventing a disruption or shutdown while Congress finalizes budget legislation. The other phrases aren’t recognized budgeting terms for this concept and wouldn’t describe the mechanism that keeps agency activities funded during funding gaps.

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