housing for low- or moderate-income families or individuals, the improvements shall be separately appraised for such use and the price for which such land is sold shall include an amount which is not less than the value of such improvements as so appraised. (b) As a condition to any sale or lease of surplus land under this section to a purchaser or lessee other than a public body, the Secretary shall obtain such undertakings as he may consider appropriate to assure that the property will be used in the provision of housing and related facilities to be occupied by families or individuals of low or moderate income for a period of not less than forty years. If during such period the property is used for any purpose other than the purpose for which it was sold or leased it shall revert to the United States (or, in the case of leased property, the lease shall terminate) unless the Secretary and the Administrator of General Services, after the expiration of the first twenty years of such period, have approved the use of the property for such other purposes. The Secretary shall notify the Committees on Banking and Currency and the Committees on Government Operations of the Senate and House of Representatives whenever any surplus land is sold or leased by him, or he and the Administrator of General Services approve a change in the use of any surplus land theretofore sold or leased by him, pursuant to the authority of this section. Approved December 24, 1969. § 1 CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974 [Public Law 93-344, 88 Stat. 297, 31 U.S.C. 1301] AN ACT To establish a new congressional budget process; to establish Committees on the Budget in each House; to establish a Congressional Budget Office; to establish a procedure providing congressional control over the impoundment of funds by the executive branch; and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLES; TABLE OF CONTENTS SECTION 1. (a) SHORT TITLES.-This Act may be cited as the "Congressional Budget and Impoundment Control Act of 1974". Titles I through IX may be cited as the "Congressional Budget Act of 1974", and title X may be cited as the "Impoundment Control Act of 1974". (b) TABLE OF CONTENTS. Sec. 1. Short titles; table of contents. Sec. 2. Declaration of purposes. Sec. 3. Definitions. TITLE I-ESTABLISHMENT OF HOUSE AND SENATE Sec. 101. Budget Committee of the House of Representatives. TITLE II-CONGRESSIONAL BUDGET OFFICE Sec. 201. Establishment of Office. Sec. 202. Duties and functions. Sec. 203. Public access to budget data. TITLE III-CONGRESSIONAL BUDGET PROCESS Sec. 300. Timetable. Sec. 301. Adoption of first concurrent resolution. Sec. 302. Matters to be included in joint statement of managers; reports by committees. Sec. 303. First concurrent resolution on the budget must be adopted before legislation providing new budget authority, new spending authority, or changes in revenues or public debt limit is considered. Sec. 304. Permissible revisions of concurrent resolutions on the budget. Sec. 305. Provisions relating to the consideration of concurrent resolutions on the budget. Sec. 306. Legislation dealing with congressional budget must be handled by budget committees. Sec. 307. House committee action on all appropriation bills to be completed before first appropriation bill is reported. Sec. 308. Reports, summaries, and projections of congressional budget actions. Sec. 309. Completion of action on bills providing new budget authority and certain new spending authority. 21 Sec. 310. Second required concurrent resolution and reconciliation process. Sec. 311. New budget authority, new spending authority, and revenue legislation must be within appropriate levels. TITLE IV-ADDITIONAL PROVISIONS TO IMPROVE FISCAL Sec. 401. Bills providing new spending authority. Sec. 403. Analyses by Congressional Budget Office. Sec. 404. Jurisdiction of Appropriations Committees. TITLE V-CHANGE OF FISCAL YEAR Sec. 501. Fiscal year to begin October 1. Sec. 502. Transition to new fiscal year. Sec. 503. Accounting procedures. Sec. 504. Conversion of authorizations of appropriations. Sec. 505. Repeals. Sec. 506. Technical amendment. TITLE VI-AMENDMENTS TO BUDGET AND ACCOUNTING ACT, 1921 Sec. 601. Matters to be included in President's budget. Sec. 602. Midyear review. Sec. 603. Five-year budget projections. Sec. 604. Allowances for supplemental budget authority and uncontrollable outlays. Sec. 605. Budget data based on continuation of existing level of services. Sec. 607. Year-ahead requests for authorization of new budget authority. TITLE VII-PROGRAM REVIEW AND EVALUATION Sec. 701. Review and evaluation by standing committee. Sec. 702. Review and evaluation by the Comptroller General. Sec. 703. Continuing study of additional budget reform proposals. TITLE VIII-FISCAL AND BUDGETARY INFORMATION AND CONTROLS Sec. 801. Amendment to Legislative Reorganization Act of 1970. Sec. 802. Changes in functional categories. TITLE IX-MISCELLANEOUS PROVISIONS; EFFECTIVE DATES Sec. 901. Amendments to rules of the House. Sec. 902. Conforming amendments to standing rules of the Senate. Sec. 905. Effective dates. Sec. 906. Application of congressional budget process to fiscal year 1976. TITLE X-IMPOUNDMENT CONTROL Sec. 1001. Disclaimer. PART A-GENERAL PROVISIONS Sec. 1002. Amendment to Antideficiency Act. Sec. 1003. Repeal of existing impoundment reporting provision. PART B-CONGRESSIONAL CONSIDERATION OF PROPOSED RESCISSIONS, Sec. 1011. Definitions. Sec. 1012. Rescission of budget authority. Sec. 1013. Disapproval of proposed deferrals of budget authority. Sec. 1014. Transmission of messages; publication. Sec. 1017. Procedure in House and Senate. DECLARATION OF PURPOSES SEC. 2. The Congress declares that it is essential (1) to assure effective congressional control over the budgetary process; (2) to provide for the congressional determination each year of the appropriate level of Federal revenues and expenditures; (3) to provide a system of impoundment control; (4) to establish national budget priorities; and (5) to provide for the furnishing of information by the executive branch in a manner that will assist the Congress in discharging its duties. DEFINITIONS SEC. 3. (a) IN GENERAL.-For purposes of this Act (1) The terms "budget outlays" and "outlays" mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year. (2) The term "budget authority" means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds, except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. (3) The term "tax expenditures" means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures. (4) The term "concurrent resolution on the budget" means (A) a concurrent resolution setting forth the congressional budget for the United States Government for a fiscal year as provided in section 301; (B) a concurrent resolution reaffirming or revising the congressional budget for the United States Government for a fiscal year as provided in section 310; and (C) any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 304. (5) The term "appropriation Act" means an Act referred to in section 105 of title 1, United States Code. (b) JOINT COMMITTEE ON ATOMIC ENERGY.-For purposes of titles II, III, and IV of this Act, the Members of the House of Representatives who are members of the Joint Committee on Atomic Energy shall be treated as a standing committee of the House, and the Members of the Senate who are members of the Joint Committee shall be treated as a standing committee of the Senate. TITLE I-ESTABLISHMENT OF HOUSE AND SENATE BUDGET COMMITTEES BUDGET COMMITTEE OF THE HOUSE OF REPRESENTATIVES SEC. 101. (a) Clause 1 of Rule X of the Rules of the House of Representatives is amended by redesignating paragraphs (e) through (u) as paragraphs (f) through (v), respectively, and by inserting after paragraph (d) the folowing new paragraph: "(e) Committee on the Budget, to consist of twenty-three Members as follows: "(1) five Members who are members of the Committee on Appropriations; "(2) five Members who are members of the Committee on Ways and Means: "(3) eleven Members who are members of other standing committees; "(4) one Member from the leadership of the majority party; and "(5) one Member from the leadership of the minority party. No Member shall serve as a member of the Committee on the Budget during more than two Congresses in any period of five successive Congresses beginning after 1974 (disregarding for this purpose any service performed as a member of such committee for less than a full session in any Congress). All selections of Members to serve on the committee shall be made without regard to seniority." (b) Rule X of the Rules of the House of Representatives is amended by adding at the end thereof the following new clause: "6. For carrying out the purposes set forth in clause 5 of Rule XI, the Committee on the Budget or any subcommittee thereof is authorized to sit and act at such times and places within the United States, whether the House is in session, has recessed, or has adjourned, to hold such hearings, to require the attendance of such witnesses and the production of such books or papers or documents or vouchers by subpena or otherwise, and to take such testimony and records, as it deems necessary. Subpenas may be issued over the signature of the chairman of the committee or of any member of the committee designated by him; and may be served by any person designated by such chairman or member. The chairman of the committee, or any member thereof, may administer oaths to witnesses." (c) Rule XI of the Rules of the House of Representatives is amended by redesignating clauses 5 through 33 as clauses 6 through 34, respectively, and by inserting after clause 4 the following new clause: "5. Committee on the Budget "(a) All concurrent resolutions on the budget (as defined in section 3(a) (4) of the Congressional Budget Act of 1974) and other matters required to be referred to the committee under titles III and IV of that Act. "(b) The committee shall have the duty "(1) to report the matters required to be reported by it under titles III and IV of the Congressional Budget Act of 1974; "(2) to make continuing studies of the effect on budget outlays of relevant existing and proposed legislation and to report the results of such studies to the House on a recurring basis; |