Page:United States Statutes at Large Volume 93.djvu/1448

 93 STAT. 1416

CONCURRENT RESOLUTIONS—MAY 24, 1979

(2) the appropriate level of budget authority is as follows: Fiscal year 1981: $640,300,000,000; Fiscal year 1982: $691,600,000,000; (3) the aggregate level of total budget outlays is as follows: Fiscal year 1981: $577,700,000,000; Fiscal year 1982: $616,900,000,000; (4) the amount of surplus in the budget is as follows: Fiscal year 1981: $5,600,000,000; Fiscal year 1982: $4,100,000,000; (5) the appropriate level of the public debt is as follows: Fiscal year 1981: $912,600,000,000; Fiscal year 1982: $947,500,000,000. (b) The House projects the following budget aggregates for fiscal years 1981-82, based on the policies assumed in section two above— (1) the level of Federal revenues is as follows: Fiscal year 1981: $579,800,000,000; Fiscal year 1982: $655,300,000,000; (2) the level of total new budget authority is as follows: Fiscal year 1981: $658,700,000,000; Fiscal year 1982: $721,400,000,000; (3) the level of total budget outlays is as follows: Fiscal year 1981: $577,700,000,000; Fiscal year 1982: $622,700,000,000; (4) the amount of surplus in the budget is as follows: Fiscal year 1981: $2,100,000,000; Fiscal year 1982: $32,600,000,000; (5) the level of the public debt is as follows: Fiscal year 1981: $916,100,000,000; Fiscal year 1982: $922,500,000,000. GENERAL PROVISIONS

SEC. 4. (a) The Congress recognizes that the activities of off-budget Federal entities are excluded from the budget by law. The Congress recommends that a way be found within the Congressional budget process to relate accurately the estimates of off-budget Federal entities and capital expenditures to the unified budget, (b) In 1979, each standing committee of the House of Representatives shall report by July 1 to the House of Representatives its recommendations and the status of its actions with respect to new spending authority including all legislative savings, and other reforms, targeted by the first concurrent resolution on the budget for the fiscal year ending on September 30 of that same year. This report shall include any additional legislative savings which the committee believes should be considered by the House in the programs for which such committee has responsibility. In 1980, each standing committee of the House of Representatives shall include in its March 15 report to the Budget Committee of the House of Representatives specific recommendations as to all possible legislative savings for the programs for which the committee has responsibility. In 1980, each standing committee of the House of Representatives shall include in its March 15 report to the Budget Committee of the House of Representatives an estimate of the unobligated (and unexpended) balances of budget authority, an analysis of the extent to which such unexpended or unobligated balances could reasonably be reduced, and what steps, if any, have been or are being taken to reduce such balances. Agreed to May 24, 1979.

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