The Unfunded Mandate Reform Act (UMRA) Limits the Number of Unfunded

question 65

True/False

The Unfunded Mandate Reform Act (UMRA) limits the number of unfunded mandates Congress may place on states in a given year.

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Definitions:

Minimizes Loss

A strategy or approach aimed at reducing the impact or severity of potential financial losses in various contexts.

Objective

In legal and business terms, it refers to the external, observable aspects of something as distinct from internal thoughts or feelings.

Punish

the act of imposing a penalty on someone as retribution for an offense.

Resale Agreement

An agreement between parties where the seller agrees to sell an asset or product with the understanding that the buyer intends to sell it again to a third party.