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U.S. Code as of:
01/3/05
Section 683. Rescission of budget authority
(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authority should be rescinded for fiscal policy or other reasons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rescinded or which is to be so reserved;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(3) the reasons why the budget authority should be rescinded or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Any amount of budget authority proposed to be rescinded or that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rescinding all or part of the amount proposed to be rescinded or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.
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