§ 683. Rescission of budget authority
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/usc/title-2/section-683A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Transmittal of special message Whenever the President determines that all or part of any budget authority will not be required to carry out the full objectives or scope of programs for which it is provided or that such budget authority should be rescinded for fiscal policy or other reasons (including the termination of authorized projects or activities for which budget authority has been provided), or whenever all or part of budget authority provided for only one fiscal year is to be reserved from obligation for such fiscal year, the President shall transmit to both Houses of Congress a special message specifying—
(1)the amount of budget authority which he proposes to be rescinded or which is to be so reserved;
(2)any account, department, or establishment of the Government to which such budget authority is available for obligation, and the specific project or governmental functions involved;
(3)the reasons why the budget authority should be rescinded or is to be so reserved;
(4)to the maximum extent practicable, the estimated fiscal, economic, and budgetary effect of the proposed rescission or of the reservation; and
(5)all facts, circumstances, and considerations relating to or bearing upon the proposed rescission or the reservation and the decision to effect the proposed rescission or the reservation, and to the maximum extent practicable, the estimated effect of the proposed rescission or the reservation upon the objects, purposes, and programs for which the budget authority is provided.
(b)Requirement to make available for obligation Any amount of budget authority proposed to be rescinded or that is to be reserved as set forth in such special message shall be made available for obligation unless, within the prescribed 45-day period, the Congress has completed action on a rescission bill rescinding all or part of the amount proposed to be rescinded or that is to be reserved. Funds made available for obligation under this procedure may not be proposed for rescission again.
(Pub. L. 93–344, title X, § 1012, July 12, 1974, 88 Stat. 333; Pub. L. 100–119, title II, § 207, Sept. 29, 1987, 101 Stat. 786.)
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Cited by 44 sections · top 14
U.S. Code
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- NoticesNotice of rescissions proposed pursuant to the Congressional Budget and Impoundment Control Act of 1974
- NoticesNotice of rescissions proposed pursuant to the Congressional Budget and Impoundment Control Act of 1974
- NoticesNotice of revisions to rescissions proposed pursuant to the Congressional Budget and Impoundment Control Act of 1974
- Rules and RegulationsNotice of rescissions
- NoticesNotice of rescissions proposed pursuant to the Congressional Budget and Impoundment Control Act of 1974
statute-compilations
8 references not yet in our index
- Pub. L. 93–344, title X, § 1012
- 88 Stat. 333
- Pub. L. 100–119, title II, § 207
- 101 Stat. 786
- section 1402 of Title 31
- Pub. L. 97–258, § 1
- 96 Stat. 877
- Pub. L. 100–119
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§ 683
Rescission of budget authority
Fed. Reg.×30
U.S.C.×8
Bills×3
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 93–344, title X, § 1012
Stat.88 Stat. 333
Pub. L.Pub. L. 100–119, title II, § 207
Stat.101 Stat. 786
Citesection 1402 of Title 31
Cites 8 · showing 5Cited by 44 across 5 sources