Chapter II SUMMARY OF PERTINENT LAWS AND REGULATIONS

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are codified at 2 U.S.C. SS601, et. seq., and SS901, et. seq.Gramm-Rudman-Hollings was supplemented and extended by enactment of theBalanced Budget and Emergency Deficit Control Reaffirmation Act of 1987.(P.L. 100-119; 101 Stat. 754) (September 29, 1987), the Budget ReconciliationAct of 1990 (P.L. 101-508, Title XIII; 104 Stat. 1388-608) (November 5, 1990),and most recently, the Budget Enforcement Act of 1997 (P.L.105 -33, Title X;111 Stat.667)(August 5, 1997).5. Title 31, U.S. Code - Money and FinanceThis legislation codifies and consolidates laws applicable to the budget process,e.g., the budget system, budgetary and fiscal information, appropriations,apportionments and accounting, including the requirements of the AntideficiencyAct which prohibit obligations or expenditure of funds in excess of amountsappropriated by law.6. The Government Performance and Results Act of 1993, (P.L.103-62; 107Stat.285)(August 3, 1993)This Act, commonly referred to as GPRA or the Results Act, requires that Federalagencies develop and implement an accountability system based on performancemeasurement, including setting goals and objectives and measuring progresstoward achieving them. To this end, agencies must provide strategic plans, annualperformance plans, and annual program performance reports to show what isbeing accomplished with their budgetary resources.7. The Federal Credit Reform Act of 1990, (P.L.101-508; 104 Stat.1388-609)(November 5, 1990)This Act instituted reforms in Federal credit programs that changed the budgetarymeasurement of direct loan and loan guarantee costs. The intent of this Act is toensure that the cost of Federal loan programs are measured accurately as possible,so that these costs can be taken into account in making budgetary decisions.B. Excerpts from Title 31 U.S.C.The following excerpts from Title 31 are particularly relevant for budget formulation andexecution.Chapter 11 The Budget and Fiscal, Budget, and Program Information1. Section 1104 - Budget and appropriations authority of the President(a)The President shall prepare budgets of the United States Governmentunder section 1105 of this title and propose deficiency and supplementalappropriations under section 1107 of this title. To the extent practicable,the President shall use uniform terms in stating the purposes andII(1)-2
conditions of appropriations.(b)(c)(d).(e)Except as provided in this chapter, the President shall prescribe thecontents and order of statements in the budget on expenditures andestimated expenditures and statements on proposed appropriations.The President shall include with the budget and proposed appropriationsinformation on personnel and other objects of expenditure in the way thatinformation was included in the budget for fiscal year 1950. However, therequirement that information be included in the budget in that way may bewaived or changed by joint action of the Committees on Appropriations ofboth Houses of Congress. This subsection does not limit the authority of acommittee of Congress to request information in a form it prescribes.When the President makes a basic change in the form of the budget, thePresident shall submit with the budget information showing where itemsin the budget for the prior fiscal year are contained in the present budget.However, the President may change the functional categories in the budgetonly in consultation with the Committees on Appropriations and on theBudget of both Houses of Congress. Committees of the House ofRepresentatives and Senate shall receive prompt notification of all suchchanges.The President shall develop programs and prescribe regulations toimprove the compilation, analysis, publication, and dissemination ofstatistical information by executive agencies. The President shall carryout this subsection through the Administrator for the Office of Informationand Regulatory Affairs in the Office of Management and Budget.Under regulations prescribed by the President, each agency shall provideinformation required by the President in carrying out this chapter. ThePresident has access to, and may inspect, records of an agency to obtaininformation.2. Section 1105 - Budget contents and submission to Congress(a)On or before the first Monday in February of each year, the President shallsubmit a budget of the United States Government for the following fiscalyear. Each budget shall include a budget message and summary andsupporting information. The President shall include in each budget thefollowing:(1) information on activities and functions of the Government;(2) when practicable, information on costs and achievements ofGovernment programs;(3) other desirable classifications of information;II(1)-3
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Page 7 and 8: (A)(B)the amount proposed in the bu
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Chapter II SUMMARY OF PERTINENT LAWS AND REGULATIONS

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