Page:United States Statutes at Large Volume 88 Part 1.djvu/376

 332

PUBLIC LAW 93-344-JULY 12, 1974

[88 STAT.

shall apply with respect to the fiscal year beginning on October 1, 1978, and succeeding fiscal years. The amendment to such Act made by section 602 shall apply with respect to the fiscal year beginning on October 1, 1976, and succeeding fiscal years. APPLICATION OF CONGRESSIONAL BUDGET PROCESS TO FISCAL YEAR 19 7 6 31 USC 1322 note.

Ante, 317. Ante,

pp. 306,

p. 304.

Impoundment Control Act of 1974.

SEC. 906. If the Committees on the Budget of the House of Representatives and the Senate both agree that it is feasible to report and act on a concurrent resolution on the budget referred to in section 301 (a), or to apply any provision of title III or section 401 or 402, for the fiscal year beginning on July 1, 1975, and submit reports of such agreement to their respective Houses, then to the extent and in the manner specified in such reports, the provisions so specified and section 202(f) shall apply with respect to such fiscal year. If any provision so specified contains a date, such reports shall also specify a substitute date. TITLE X — I M P O U N D M E N T CONTKOL PART A—GENERAL PROVISIONS DISCLAIMER

31 USC 1400.

SEC. 1001. Nothing contained in this Act, or in any amendments made by this Act, shall be construed as— (1) asserting or conceding the constitutional powers or limitations of either the Congress or the President; (2) ratifying or approving any impoundment heretofore or hereafter executed or approved by the President or any other Federal officer or employee, except insofar as pursuant to statutory authorization then in effect; (3) affecting in any way the claims or defenses of any party to litigation concerning any impoundment; or (4) superseding any provision of law which requires the obligation of budget authority or the making of outlays thereunder. AMENDMENT TO A N T I D E F I C I E N C Y

Contingency or savings reserves, establishment.

ACT

SEC. 1002. Section '3679(c)(2) of the Revised Statutes, as amended (31 U.S.C. 665), is amended to read as follows: "(2) In apportioning any appropriation, reserves may be established solely to provide for contingencies, or to effect savings whenever savings are made possible by or through changes in requirements or greater efficiency of operations. Whenever it is determined by an officer designated in subsection (d) of this section to make apportionments and reapportionments that any amount so reserved will not be required to carry out the full objectives and scope of the appropriation concerned, he shall recommend the rescission of such amount in the manner provided in the Budget and Accounting Act, 1921, for estimates of appropriations. Except as specifically provided by particular appropriations Acts or other laws, no reserves shall be established other than as authorized by this subsection. Reserves established pursuant to this subsection shall be reported to the Congress in accordance with the Impoundment Control Act of 1974." REPEAL OF E X I S T I N G I M P O U N D M E N T REPORTING

PROVISION

SEC. 1003. Section 203 of the Budget and Accounting Procedures Act 31 USC 581C.1. of 1950 is repealed.

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