Page:United States Statutes at Large Volume 99 Part 1.djvu/1099

 PUBLIC LAW 99-177—DEC. 12, 1985

99 STAT. 1077

(1) IN GENERAL.—On October 15 of the fiscal year (except in President of U.S. the case of the fiscal year 1986), after the submission of the ^"-te, p. 1063. revised report submitted by the Comptroller General under section 251(c)(2), the President shall issue a final order under this section to eliminate the full amount of the deficit excess as identified by the Comptroller General in the revised report submitted under section 251(c)(2) but only to the extent and in the manner provided in such report. The order issued under this subsection— (A) shall include the same reductions and sequestrations as the initial order issued under subsection (a), adjusted to the extent necessary to take account of any changes in relevant amounts or percentages determined by the .ifnh Comptroller General in the revised report submitted under section 251(c)(2), (B) shall make such reductions and sequestrations in strict accordance with the requirements of section 251(a)(3) and (4), and (C) shall utilize the same criteria and guidelines as those which were used in the issuance of such initial order under subsection (a). The provisions of subsection (a)(3) shall apply to the revised report submitted under section 251(c)(2) and to the order issued under this subsection in the same manner as such provisions apply to the initial report issued under section 251(b) and to the order issued under subsection (a). (2) ORDER REQUIRED IF EXCESS DEFICIT IS EUMINATED.—If the Report. Comptroller General issues a revised report under section 251(c)(2) stating that as a result of laws enacted and regulations promulgated after the submission of the initial report of the Comptroller General under section 251(b) the excess deficit for a fiscal year (adjusted in accordance with section 251(a)(3)(A)(ii), in the case of fiscal year 1986) has been eliminated, the order issued under this subsection shall so state and shall make available for obligation and expenditure any amounts withheld pursuant to subsection (a)(4) or (a)(6)(C). (3) EFFECTIVE DATE OF FINAL ORDER.—

(A) Except as provided in subsection (a)(6)(A), the final order issued by the President under paragraph (1) shall become effective on the date of its issuance, and shall supersede the order issued under subsection (a)(D(B) Any modification or suspension by such order of the operation of a provision of law that would (but for such order) require an automatic spending increase to take effect during the fiscal year shall apply for the one-year period beginning with the date on which such automatic increase would have taken effect during such fiscal year (but for such order). (c) PROPOSAL OF ALTERNATIVES BY THE PRESIDENT.—A message transmitted pursuant to subsection (a)(5) with respect to a fiscal year may be accompanied by a proposal setting forth in full detail alternative ways to reduce the deficit for such fiscal year to an amount not greater than the msiximum deficit amount for such fiscal year. (d) EXISTING PROGRAMS, PROJECTS, AND ACTIVITIES NOT TO B E Prohibition. EUMINATED.—No action taken by the President under subsection (a)

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