Do No Year Funds Expire?

No Year Appropriations — Appropriations available for obligations for an indefinite period of time without fiscal year limitation. They are available until they are used up.

What happens to the funds after the period expires?

Expired funds are not available for new obligations. Both the obligated and unobligated balances of expired appropriations must be available for recording, adjusting, and liquidating obligations properly chargeable to that account.

How long are government funds good for?

Most appropriations are available for obligation purposes for a finite period of time. Operation and maintenance (O&M) funds are available for 1 year, procurement appropriations for 3 years, and construction funds for 5 years.