Meaning of advance procurement
Authority provided in an Appropriations act to obligate and disburse during a fiscal year from the succeeding year's appropriation. The funds are added to the Budget Authority for the fiscal year and deducted from the Budget authority of the succeeding fiscal year. Used in major Acquisition Programs for advance procurement of Components whose Long-Lead time require purchase early in order to reduce the overall procurement leadtime of the major End Item. Advance procurement of long-lead Components is an exception to the DoD "full funding" policy. See also Advance Buy.
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