Obligation

Obligation has two meanings depending on the context:
(1) When a grantee of Federal financial assistance commits funds by incurring costs for purposes of the grant, the definition at 2 CFR 200.71 applies.
(2) When the Service sets aside funds for disbursement immediately or at a later date in the formula-based programs under the Acts, the definition at 50 CFR 80.91 applies.

Source

50 CFR § 80.2

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Scoping language

The terms in this section pertain only to the regulations in this part.

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