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Since NAVSEA is responsible for executing over $24 billion in obligational authority, senior leaders identified funds processing as a value stream to be considered. KYTC also covenants that if only a portion of the obligational authority is provided by the federal government, KYTC will reserve the same pro-rata share of that portion of the obligational authority for debt service for that year until the full amount is provided. LOEs account for 13 percent of Navy Total Obligational Authority, according to a Navy memo on LOE organizations. |
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