I'(A) estimate the budget levels of total revenue and expenditure which may be expected for such fiscal year as of August 15 of the calendar year in which such fiscal year begins (or as of October 10, 1987, in the case of fiscal year .. 34 ;B) to determine whether the projected deficit is for such. 34; (C) estimate the amount of net deficit reduction in the base budget that has occurred since January 1 of the calendar year in which such fiscal year begins, and. 19~8> an estimate of the basic budget levels of total revenue and total expenditure for such fiscal year, a determination of the amount of any excess deficit for such fiscal year, an indication of whether such surplus is greater than zero in the case of the fiscal year.
The report submitted by the Director of OMB under subparagraph (B) for such fiscal year shall use the economic and technical assumptions that the. Net deficit reduction in the budget baseline for a fiscal year is the amount of the estimated deficit for such fiscal year based on laws enacted by, and regulating-. The amount by which expenditures for automatic spending increases scheduled to take effect during the fiscal year must be reduced shall be credited as reductions in expenditures under nondefense programs, and the total amount of.
34;(aa) for 70 percent of personnel costs, the rate of federal pay adjustments for statutory pay systems and elements of military pay if such adjustments have been enacted into law or (on or after October 1 of the fiscal year) have been established by law for such financial year or, if not, by inflation. 34;(ii) if required by subsection (C)(i), provided appropriations for a fiscal year in an amount sufficient to-. 34;(1) cover any federal wage adjustment for statutory wage systems (including related benefit cost adjustments) if such adjustments have been enacted into law or, on or after October 1 of the fiscal year, have been established by law for such financial year;.
In this subsection, the term 'interim period', in relation to a fiscal year, means the period beginning on October 1 of the fiscal year and ending on the date of issue of the final.
101 STAT. 765
34;(ii) The title of the joint resolution reads: 'Joint Resolution Approving the Report of the President Submitted Pursuant to Section 252(c)(2)(C)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985.'. No amendment made in the Committee on Appropriations shall be considered in the Senate except an amendment (in the nature of a substitute) relevant or germane to the provisions of the joint resolution or to the order issued pursuant section. 34;(v) For the purposes of clause (iv), the level of expenditure and specific budget cuts provided for by an amendment shall be determined on the basis of estimates made by the Senate Budget Committee.
in the House of Representatives, and the making of any amendments under subparagraph (H) (except in the House of Representatives for the motion to recommit and the making of any amendments proposed in a motion to recommit that has been adopted), the vote on the final approval of the there will be a joint solution. 34;(K) In the Senate, points of order under titles III and IV of the Congressional Budget Act of 1974 (including items of. 34;(i) The joint resolution of the House of Representatives shall not be referred to a Commission.
34;(B) Upon enactment of a full year appropriation (including a continuing appropriation for the full year) for the account, the full amount of the sequestration specified by. 34;(7) The terms 'sequestration' and 'sequestration' (subject to section 252(a)(4)) refer to or mean the reduction or cancellation of new budgetary authority; unobligated balances, new loan guarantee obligations or restrictions; new direct loan commitments, obligations or restrictions; spending authority as defined in section 401(c)(2) of the Congressional Budget Act of 197 4; and limitations of obligations.” 34;(14) The term 'combined expenditure rate', in relation to any budget account, programme, project or activity, means the weighted average (according to budget resources) of the ratios which determine-.
Appeals from decisions of the Speaker regarding the application of the rules of the Senate or House of Representatives, as the case may be, to the procedure regarding a joint resolution described in subsection (a) shall lie. If, prior to the adoption by the Senate of a joint Senate resolution referred to in subsection (a), the Senate receives from the House of Representatives a joint resolution referred to in subsection (a), then. If not identical to the joint resolution of the House of Representatives, then the S n t shall be considered the adopted joint resolution of Flouse, as amended by the txt of the joint resolution of the Senate.".
The table of contents in section 200(b) of the Act is amended by inserting after the point. regarding Section 2':7 the following new point: Section 257 of the Act is amended by inserting after subsection (9) the following new subsection: (c) REVISION OF EXPIRATION DATE OF THE BALANCED BUDGET AND EMERGENCY DEFICIT Acr OF 1985. 34;(B) for fiscal year 1988 or 1989, exceeds the amount of the estimated deficit for such fiscal year based on laws and regulations effective January 1 of the calendar year in which such fiscal year begins, measured using the budget base specified in section 251(a)(6) of the Balanced Budget and Emergency Deficit Control Act of 1985 less for fiscal years.
Paragraphs (1) and (2) shall not be construed to apply to any regulation, directive or policy required to implement the amendment made by section 9311 (a) of the. 34; (5) to the maximum extent practicable, the estimated fiscal, economic and budgetary effect of the proposed postponement; and. Section 271 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by redesignating subsection (c) as subsection (d) and by inserting subsection (b).
For the vote of three-fifths of the duly elected and sworn members of the Senate.
