Page:United States Statutes at Large Volume 99 Part 1.djvu/1080

 PUBLIC LAW 99-177—DEC. 12, 1985

99 STAT. 1058

persons or governments who meet the requirements established by such law; "(D) to forego the collection by the United States of proprietary offsetting receipts, the budget authority for which is not provided in advance by appropriation Acts to offset such foregone receipts; and "(E) to make payments by the United States (including loans, grants, and payments from revolving funds) other than those covered by subparagraph (A), (B), (C), or (D), the budget authority for which is not provided in advance by appropriation Acts. Such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. "(d) EXCEPTIONS.—

42 USC 1305.

26 USC 1 et seq. 31 USC 6702.

Corporation. 31 USC 9101. 31 USC 9101.

Gifts and property.

"(1) Subsections (a) and (b) shall not apply to new spending authority if the budget authority for outlays which will result from such new spending authority is derived— "(A) from a trust fund established by the Social Security Act (as in effect on the date of the enactment of this Act); or "(B) from any other trust fund, 90 percent or more of the receipts of which consist or will consist of amounts (transferred from the general fund of the Treasury) equivalent to amounts of taxes (related to the purposes for which such outlays are or will be made) received in the Treasury under specified provisions of the Internal Revenue Code of 1954. "(2) Subsections (a) and (b) shall not apply to new spending authority which is an amendment to or extension of the State and Local Fiscal Assistance Act of 1972, or a continuation of the program of fiscal assistance to State and local governments provided by that Act, to the extent so provided in the bill or resolution providing such authority. "(3) Subsections (a) and (b) shall not apply -to new spending authority to the extent that— "(A) the outlays resulting therefrom are made by an organization which is (i) a mixed-ownership Government corporation (as defined in section 201 of the Government Corporation Control Act), or (ii) a wholly owned Government corporation (as defined in section 101 of such Act) which is specifically exempted by law from compliance with any or all of the provisions of that Act, as of the date of enactment of the Balanced Budget and Emergency Deficit Control Act of 1985; or "(B) the Outlays resulting therefrom consist exclusively of the proceeds of gifts or bequests made to the United States for a specific purpose.". SEC. 212. CREDIT AUTHORITY.

2 USC 652.

Section 402 of the Congressional Budget Act of 1974 is amended to read as follows: LEGISLATION PROVIDING NEW CREDIT AUTHORITY "SEC.

402. (a) CONTROLS ON LEGISLATION PROVIDING N E W CREDIT

AUTHORITY.—It shall not be in order in either the House of Representatives or the Senate to consider any bill, resolution, or conference report, as reported to its House, or any amendment which

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