The level is what the fiscal year 2024 Acts appropriated, including transfers and obligation limits
What the document says“The level referred to in subsection (a) shall be the amounts appropriated in the appropriations Acts referred to in such subsection, including transfers and obligation limitations.”
Section 1101(c) fixes the number that subsection (a) points to: the amounts the twelve fiscal year 2024 Acts appropriated, counting transfers and obligation limitations.
What the document actually says“The level referred to in subsection (a) shall be the amounts appropriated in the appropriations Acts referred to in such subsection, including transfers and obligation limitations.”
The level is what the older bills gave. That includes money moved between accounts.
Some money is capped rather than given outright. The cap counts as part of the level. So does money shifted from one account to another.
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