Page:United States Statutes at Large Volume 99 Part 1.djvu/1081

 PUBLIC LAW 99-177—DEC. 12, 1985

99 STAT. 1059

provides new credit authority described in subsection (b)(l), unless that bill, resolution, conference report, or amendment also provides that such new credit authority is to be effective for any fiscal year only to such extent or in such amounts as are provided in appropriation Acts. "(b) DEFINITION.—For purposes of this Act, the term 'new credit authority' means credit authority (as defined in section 3(10) of this Act) not provided by law on the effective date of this section, including any increase in or addition to credit authority provided by law on such date.".

Ante, p. 1039.

SEC. 213. DESCRIPTION BY CONGRESSIONAL BUDGET OFFICE.

(a) CONGRESSIONAL BUDGET OFFICE ANALYSIS.—Section 403(a) of the Congressional Budget Act of 1974 is amended by striking out "and" at the end of paragraph (2), by striking out the period and inserting "; and" at the end of paragraph (3), and by inserting at the end thereof the following new paragraph: "(4) a description of each method for establishing a Federal financial commitment contained in such bill or resolution.". (b) CONFORMING AMENDMENT.—The second sentence of section 403(a) of such Act is amended by striking out "estimates and comparison" and inserting in lieu thereof "estimates, comparison, and description".

2 USC 653.

SEC. 214. GENERAL ACCOUNTING OFFICE STUDY; OFF-BUDGET AGENCIES; MEMBER USER GROUP.

Title IV of the Congressional Budget Act of 1974 is amended by inserting at the end thereof the following new sections: STUDY BY THE GENERAL ACCOUNTING OFFICE OF FORMS OF FEDERAL FINANCIAL COMMITMENT THAT ARE NOT REVIEWED ANNUALLY BY CONGRESS

"SEC. 405. The General Accounting Office shall study those provi- Report. sions of law which provide spending authority as described by 2 USC 654. section 401(c)(2) and which provide permanent appropriations, and Ante, p. 1056. report to the Congress its recommendations for the appropriate form of financing for activities or programs financed by such provisions not later than eighteen months after the effective date of this section. Such report shall be revised from time to time. OFF-BUDGET AGENCIES, PROGRAMS, AND ACnVITIES

"SEC. 406. (a) Notwithstanding any other provision of law, budget 2 USC 655. authority, credit authority, and estimates of outlays and receipts for activities of the Federal budget which are off-budget immediately prior to the date of enactment of this section, not including activities of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, shall be included in a budget submitted pursuant to section 1105 of title 31, United States Code, Post, p. 1063. and in a concurrent resolution on the budget reported pursuant to section 301 or section 304 of this Act and shall be considered, for Ante, pp. 1040, purposes of this Act, budget authority, outlays, and spending author- 1047. ity in accordance with definitions set forth in this Act. "(b) All receipts and disbursements of the Federal Financing Bank Banks and Math respect to any obligations which are issued, sold, or guaranteed banking. by a Federal agency shall be treated as a means of financing such

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