Section 521

Citation: Section 521
Parent Document: Commonwealth of Pennsylvania v. James T. Lynn, Secretary of Housing and Urban Development, 501 F.2d 848 (1974)
Jurisdiction: United States (federal)
Effective Date: 1974-09-25
Original Source: https://www.courtlistener.com/opinion/321083/commonwealth-of-pennsylvania-v-j... ↗

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It is important to bear in mind that the budgetary impact of each commitment made is felt over the life of the project approved. The actual cost of using a dollar of obliga-tional authority therefore depends upon the length of the commitment. Thus, whether a dollar of authority is used to enter a ten-year or a forty-year contract, remaining contract authority is reduced by only one dollar although the actual run-out cost is $10 in the former instance and $40 in the latter. With less than $2 billion of contract authority obligated, therefore, it is estimated that the run-out cost of the programs is already $85.7 billion. HUD, Housing in the Seventies at 4-23, Table 6 (1973). 28

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