Cumulative Report on Rescissions and Deferrals

[Federal Register Volume 64, Number 100 (Tuesday, May 25, 1999)]
[Notices]
[Pages 28221-28224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13129]


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OFFICE OF MANAGEMENT AND BUDGET


Cumulative Report on Rescissions and Deferrals

May 1, 1999.
    This report is submitted in fulfillment of the requirement of 
Section 1014(e) of the Congressional Budget and Impoundment Control Act 
of 1974 (Public Law 93-344). Section 1014(e) requires a monthly report 
listing all budget authority for the current fiscal year for which, as 
of the first day of the

[[Page 28222]]

month, a special message had been transmitted to Congress.
    This report gives the status, as of May 1, 1999, of three 
rescission proposals that have been pending for more than 45 days and 
three deferrals contained in two special messages for FY 1999. These 
messages were transmitted to Congress on October 22, 1998, and February 
1, 1999.

Rescissions (Attachments A and C)

    As of May 1, 1999, three rescission proposals totaling $35 million 
have been transmitted to the Congress. Attachment C shows the status of 
the FY 1999 rescission proposals.

Deferrals (Attachments B and D)

    As of May 1, 1999, $921 million in budget authority was being 
deferred from obligation. Attachment D shows the status of each 
deferral reported during FY 1999.

Information from Special Messages

    The special messages containing information on the rescission 
proposals and deferrals that are covered by this cumulative report are 
printed in the editions of the Federal Register cited below:
63 FR 63949, Tuesday, November 17, 1998
64 FR 6721, Wednesday, February 10, 1999
Jacob J. Lew,
Director.
Attachments

               Attachment A--Status of FY 1999 Rescissions
                        [In millions of dollars]
------------------------------------------------------------------------
                                                               Budgetary
                                                               resources
------------------------------------------------------------------------
Rescissions proposed by the President.......................        35.0
Rejected by the Congress....................................  ..........
                                                             -----------
Currently before the Congress...............................        35.0
------------------------------------------------------------------------


                Attachment B--Status of FY 1999 Deferrals
                        [In millions of dollars]
------------------------------------------------------------------------
                                                               Budgetary
                                                               resources
------------------------------------------------------------------------
Deferrals proposed by the President.........................     1,680.7
Routine Executive releases through April 1999. (OMB/Agency        -759.7
 releases of $760.6 million, partially offset by a
 cumulative positive adjustment of $0.9 million)............
Overturned by the Congress..................................  ..........
                                                             -----------
Currently before the Congress...............................       921.0
------------------------------------------------------------------------

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[FR Doc. 99-13129 Filed 5-24-99; 8:45 am]
BILLING CODE 3110-01-C