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We are pleased to present the annual update of the third edition of Volume I of Principles of Federal Appropriations Law. Our objective in this publication is to present a cumulative supplement to the published third edition text that includes all relevant decisions from January 1 to December 31, 2005. Volume II of the third edition was published in March 2006. Next year's annual update will include updates to both Volumes I and II of the third edition. After Volume III of the third edition is published, all three volumes of Principles will be updated annually.