What is Milcon funding?
Military Construction (MILCON): appropriations fund major projects such as bases, schools, missile storage facilities, maintenance facilities, medical/dental clinics, libraries, and military family housing. Available five (5) Years.
What are procurement funds used for?
Procurement funding is used for the acquisition of production articles, including procurement and production direct support costs such as production testing, quality assurance, and production engineering, equipment assembly whether performed under contract or in-house when required to produce and deliver a usable end- …
What can operations and maintenance funds be used for?
Operation & Maintenance (O&M) Appropriations funds the cost of operating and maintaining equipment at a state of readiness. It covers expenses such as civilian salaries, travel, minor construction projects, operating military forces, training and education, depot maintenance, stock funds, and base operations support.
What is Army OMA funding?
Congress has annually authorized the use of operation and maintenance, Army (OMA) appropriation funds to purchase investment items with a unit or system cost of up to $250,000 through appropriations acts.
How long is procurement funding good for?
three years
Procurement funding provided to the department in a given fiscal year can usually be obligated over a period of three years. The most prominent exception is Navy Shipbuilding and Conversion funding, which is available for five years. The Department of Defense Appropriations Act, 2021 (Division C of P.L.
How long are OMA funds good for?
Period of availability. Operation and maintenance (O&M) funds are available for 1 year, procurement appropriations for 3 years, and construction funds for 5 years.
What is the difference between Oma and Opa funds?
OPA is used for investments, while OMA is used for expenses. 2 states, “Investments are the costs that result in the acquisition of, or an addition to, end items. These costs benefit future periods and generally are of a long-term character such as real property and personal property.”