Page:United States Statutes at Large Volume 104 Part 2.djvu/1015

 PUBLIC LAW 101-508—NOV. 5, 1990 104 STAT. 1388-607 ference report exceeds the recommended level of Federal revenues set forth for that year by an amount that is greater than the maximum deficit amount for such fiscal year as determined under section 601(a), or if the adoption of such amendment would result in a level of total budget outlays for that fiscal year which exceeds the recommended level of Federal revenues for that fiscal year, by an amount that is greater than the maximum deficit amount for such fiscal years as determined under section 601(a). "(d) ADJUSTMENTS. — (1) Notwithstanding any other provision of law, concurrent resolutions on the budget for fiscal years 1992, 1993, 1994, and 1995 under section 301 or 304 may set forth levels consistent with allocations increased by— "(A) amounts not to exceed the budget authority amounts in section 251(b)(2)(E)(i) and (ii) of the Balanced Budget and Emergency Deficit Control Act of 1985 and the composite outlays per category consistent with them; and "(B) the budget authority and outlay amounts in section 251(b)(1) of that Act. "(2) For purposes of congressional consideration of provisions described in sections 251(b)(2)(A), 251(b)(2)(B), 251(b)(2)(C), 251(b)(2)(D), and 252(e), determinations under sections 302, 303, and 311 shall not take into account any new budget authority, new entitlement authority, outlays, receipts, or deficit effects in any fiscal year of those provisions. "SEC. 607. EFFECTIVE DATE. 2 USC 665 note. This title shall take effect upon its date of enactment and shall apply to fiscal years 1991 to 1995.". SEC. 13112. CONFORMING AMENDMENTS. (a) CONFORMING AMENDMENTS TO THE CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974.— (1) TABLE OF CONTENTS. — Section 1(b) of the Congressional Budget and Impoundment Control Act of 1974 is amended to reflect the new section numbers and headings resulting from amendments made by this title. (2) SECTION 3.—Section 3 of such Act is amended— 2 USC 622. (A) by striking paragraphs (6), (7), and (8) and inserting the following: "(6) The term deficit' means, with respect to a fiscal year, the amount by which outlays exceeds receipts during that year. "(7) The term 'surplus' means, with respect to a fiscal year, the amount by which receipts exceeds outlays during that year. "(8) The term 'government-sponsored enterprise' means a corporate entity created by a law of the United States that— "(A)(i) has a Federal charter authorized by law; "(ii) is privately owned, as evidenced by capital stock owned by private entities or individuals; "(iii) is under the direction of a board of directors, a majority of which is elected by private owners; "(iv) is a financial institution with power to— "(I) make loans or loan guarantees for limited purposes such as to provide credit for specific borrowers or one sector; and "(II) raise funds by borrowing (which does not carry the full faith and credit of the Federal Government) or to guarantee the debt of others in unlimited amounts; and

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