Page:United States Statutes at Large Volume 104 Part 2.djvu/1028

 104 STAT. 1388-620 PUBLIC LAW 101-508—NOV. 5, 1990 (B) by inserting after "consideration of the conference report" the following: "on any concurrent resolution on the budget (or a reconciliation bill or resolution)"; and (2) in paragraph (2), by inserting "(or a message between Houses)" after "conference report" each place it appears. SEC. 13210. SUPERSEDED DEADLINES AND CONFORMING CHANGES. The Congressional Budget Act of 1974 is amended— 2 USC 636. (1) in section 305, by striking subsection (d) and redesignating subsection (e) as subsection (d); and 2 USC 641. (2) in section 310(f), by striking paragraph (1) and by striking " (2) POINT OF ORDER IN THE HOUSE OF REPRESENTATIVES. — ". SEC. 13211. DEFINITIONS. (a) BUDGET AUTHORITY,—Section 3(2) of the Congressional Budget 2 USC 622. and Impoundment Control Act of 1974 is amended to read as follows: "(2) BUDGET AUTHORITY AND NEW BUDGET AUTHORITY. — "(A) IN GENERAL. —The term 'budget authority' means the authority provided by Federal law to incur financial obligations, as follows: "(i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections; "(ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits; "(iii) contract authority, which means the making of funds available for obligation but not for expenditure; and "(iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority. "(B) LIMITATIONS ON BUDGET AUTHORITY. — With respect to the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemploy- ment Trust Fund, and the railroad retirement account, any amount that is precluded from obligation in a fiscal year by a provision of law (such as a limitation or a benefit formula) shall not be budget authority in that year. "(C) NEW BUDGET AUTHORITY. — The term 'new budget authority' means, with respect to a fiscal year— "(i) budget authority that first becomes available for obligation in that year, including budget authority that becomes available in that year s ^^ a result of a reappropriation; or " (ii) a change in any account in the availability of unobligated balances of budget authority carried over from a prior year, resulting from a provision of law first effective in that year; and includes a change in the estimated level of new budget authority provided in indefinite amounts by existing law.". 2 USC 622 note. (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall be effective for fiscal year 1992 and subsequent fiscal years.
 * So in original. Probably should be "as".

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