Executive Order 12858

By the authority vested in me as President of the United States by the Constitution and the laws of the United States of America, including sections 1104 and 1105 of title 31, United States Code, it is hereby ordered as follows:

.Purpose.


 * It is essential to guarantee that the net deficit reduction achieved by the Omnibus Budget Reconciliation Act of 1993 is dedicated exclusively to reducing the deficit.

.Deficit Reduction Fund.

.Requirement for the President To Report Annually on the Status of the Fund.


 * The Director of the Office of Management and Budget shall include in the President's Budget transmitted under section 1105 of title 31, United States Code, information about the Deficit Reduction Fund, including a separate statement of amounts in and Federal debt redeemed by that Fund.

.Implementation.


 * The Secretary of the Treasury and the Director of the Office of Management and Budget shall each take such actions as may be necessary, within their respective authorities, promptly to carry out this order.

.Effective Date.


 * This order shall take effect upon enactment of the Omnibus Budget Reconciliation Act of 1993.

, August 4, 1993. [FR Doc. Filed] Billing code 3195-01-P