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LSDefine

Simple English definitions for legal terms

antideficiency statute

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A quick definition of antideficiency statute:

An antideficiency statute is a law that helps prevent the government from spending more money than it has. It can also limit the rights of creditors to get more money than what was agreed upon. This is important because it helps keep the government and its finances in check.

A more thorough explanation:

An antideficiency statute is a type of legislation that limits the government's ability to spend money beyond what has been allocated in the budget. It is also known as an antideficiency law.

For example, if a government agency has a budget of $100,000 for a project, but ends up spending $120,000, an antideficiency statute would prevent the agency from spending the extra $20,000 without proper authorization.

Another example of an antideficiency statute is one that limits the rights of secured creditors to recover in excess of the security. This means that if a creditor has a security interest in a property, they cannot recover more than the value of the property.

Antideficiency statutes are important because they help prevent government agencies from overspending and going beyond their allocated budgets. This helps ensure that taxpayer money is being used responsibly and efficiently.

antideficiency legislation | antidestructibility statute

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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