Page:United States Statutes at Large Volume 119.djvu/1935

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1917

‘‘(II) The estimated level of highway receipts for the purposes of this clause are— ‘‘(aa) for fiscal year 2005, $31,562,000,000; ‘‘(bb) for fiscal year 2006, $33,712,000,000; ‘‘(cc) for fiscal year 2007, $34,623,000,000 ‘‘(dd) for fiscal year 2008, $35,449,000,000; and ‘‘(ee) for fiscal year 2009, $36,220,000,000. ‘‘(III) In this clause, the term ‘highway receipts’ means the governmental receipts credited to the highway account of the Highway Trust Fund. ‘‘(C) In addition to the adjustment required by subparagraph (B), when the President submits the budget under section 1105 of title 31, United States Code, for fiscal year 2007, 2008, or 2009, OMB shall calculate and the budget shall include for the budget year and each outyear an adjustment to the limits on outlays for the highway category and the mass transit category equal to— ‘‘(i) the outlays for the applicable category calculated assuming obligation levels consistent with the estimates prepared pursuant to subparagraph (D), as adjusted, using current technical assumptions; minus ‘‘(ii) the outlays for the applicable category set forth in the subparagraph (D) estimates, as adjusted. ‘‘(D)(i) When OMB and CBO submit their final sequester report for fiscal year 2006, that report shall include an estimate of the outlays for each of the categories that would result in fiscal years 2007 through 2010 from obligations at the levels specified in section 8003 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users using current assumptions. ‘‘(ii) When the President submits the budget under section 1105 of title 31, United States Code, for fiscal year 2007, 2008, 2009, or 2010, OMB shall adjust the estimates made in clause (i) by the adjustments by subparagraphs (B) and (C). ‘‘(E) OMB shall consult with the Committees on the Budget and include a report on adjustments under subparagraphs (B) and (C) in the preview report.’’. SEC. 8003. LEVEL OF OBLIGATION LIMITATIONS.

Reports.

2 USC 901 note.

(a) HIGHWAY CATEGORY.—For the purposes of section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, the level of obligation limitations for the highway category is— (1) for fiscal year 2005, $35,164,292,000; (2) for fiscal year 2006, $37,220,843,903; (3) for fiscal year 2007, $39,460,710,516; (4) for fiscal year 2008, $40,824,075,404; and (5) for fiscal year 2009, $42,469,970,178. (b) MASS TRANSIT CATEGORY.—For the purposes of section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, the level of obligation limitations for the mass transit category is— (1) for fiscal year 2005, $7,646,336,000; (2) for fiscal year 2006, $8,622,931,000; (3) for fiscal year 2007, $8,974,775,000; (4) for fiscal year 2008, $9,730,893,000; and (5) for fiscal year 2009, $10,338,065,000.

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