54338 Federal Register / Vol. 62, No. 201 / Friday, October 17, 1997 / Notices

OFFICE OF MANAGEMENT AND

BUDGET

Cancellation Pursuant to Line Item

Veto Act; Treasury and General

Government Appropriations Act, 1998

October 16, 1997.

One Special Message from the

President under the Line Item Veto Act

is published below. The President

signed this message on October 16,

1997. Under the Act, the message is

required to be printed in the Federal

Register (2 U.S.C. 691a(c)(2)).

Clarence C. Crawford,

Associate Director for Administration.

THE WHITE HOUSE

Washington,

October 16, 1997.

Dear Mr. Speaker:

In accordance with the Line Item Veto Act,

I hereby cancel the dollar amount of

discretionary budget authority, as specified

in the attached report, contained in the

‘‘Treasury and General Government

Appropriations Act, 1998’’ (Public Law 105–

61; H.R. 2378). I have determined that the

cancellation of this amount will reduce the

Federal budget deficit, will not impair any

essential Government functions, and will not

harm the national interest. This letter,

together with its attachment, constitutes a

special message under section 1022 of the

Congressional Budget and Impoundment

Control Act of 1974, as amended.

Sincerely,

William J. Clinton.

The Honorable Newt Gingrich,

Speaker of the House of Representatives,

Washington, D.C. 20515.

THE WHITE HOUSE

Washington,

October 16, 1997.

Dear Mr. President:

In accordance with the Line Item Veto Act,

I hereby cancel the dollar amount of

discretionary budget authority, as specified

in the attached report, contained in the

‘‘Treasury and General Government

Appropriations Act, 1998’’ (Public Law 105–

61; H.R. 2378). I have determined that the

cancellation of this amount will reduce the

Federal budget deficit, will not impair any

essential Government functions, and will not

harm the national interest. This letter,

together with its attachment, constitutes a

special message under section 1022 of the

Congressional Budget and Impoundment

Control Act of 1974, as amended.

Sincerely,

William J. Clinton.

The Honorable Albert Gore, Jr.,

President of the Senate, Washington, D.C.

20510.

Cancellation No. 97–56

CANCELLATION OF DOLLAR

AMOUNT OF DISCRETIONARY

BUDGET AUTHORITY

Report Pursuant to the Line Item Veto

Act, P.L. 104–130

Bill Citation: ‘‘Treasury and General

Government Appropriations Act, 1998’’

(H.R. 2378).

1(A). Dollar Amount of Discretionary

Budget Authority: $8,000 thousand in

FY 1998, $183,000 thousand in FY

1999, $209,000 thousand in FY 2000,

$221,000 thousand in FY 2001, and

$233,000 thousand in FY 2002 due to

reductions in employee contributions to

the Civil Service Retirement and

Disability Fund (CSRDF). These reduced

contributions would result from

employee elections to switch retirement

coverage to the Federal Employees

Retirement System (FERS) from

enrollment in the Civil Service

Retirement System (CSRS) that is

authorized by Section 642.

1(B). Determinations: This

cancellation will reduce the Federal

budget deficit, will not impair any

essential Government functions, and

will not harm the national interest.

1(C), (E). Reasons for Cancellation;

Facts, Circumstances, and

Considerations Relating to or Bearing

Upon the Cancellation; and Estimated

Effect of Cancellation on Objects,

Purposes, and Programs: Section 642

would require the Office of Personnel

Management to conduct an Open

Season to permit Federal employees to

switch enrollment from CSRS to FERS

between July 1, 1998 and December 31,

1998. The estimated impact is the net

reduction in employee contributions to

the CSRDF trust fund from 7 percent of

pay under CSRS to 0.8 percent under

FERS. It is estimated that 5 percent of

CSRS-covered employees would switch.

This provision is being canceled

because: (1) it would require the

employing agencies to absorb increased

retirement costs, using funds that

otherwise would be available for payroll

and other agency needs; (2) it would

inhibit agency downsizing and

restructuring efforts by discouraging

voluntary turnover; (3) it was not

requested in the President’s FY 1998

budget; and (4) it was not the subject of

extensive deliberation and debate prior

to enactment.

1(D). Estimated Fiscal, Economic, and

Budgetary Effect of Cancellation: As a

result of the cancellation, Federal

receipts will not decrease, as specified

below. This will have a commensurate

effect on the Federal budget deficit and,

to that extent, will have a beneficial

effect on the economy.

Receipt changes

[In thousands of dollars]

Fiscal year:

1998 ..................................... ¥8,000

1999 ..................................... ¥183,000

2000 ..................................... ¥209,000

2001 ..................................... ¥221,000

2002 ..................................... ¥233,000

Total ................................. ¥854,000

1(F). Adjustments to Non-Defense

Discretionary Spending Limits

Budget authority: The estimated

budget authority effect for each year is

equal to the receipt changes shown

above.

Outlays: The estimated outlay effect

for each year is equal to the receipt

changes shown above.

Evaluation of Effects of These

Adjustments upon Sequestration

Procedures: If a sequestration were

required, such sequestration would

occur at levels that are reduced by the

amounts above.

2(A). Agency: Office of Personnel

Management.

2(A). Bureau: None.

2(A). Governmental Function/Project

(Account): Civil Service retirement

(Civil Service Retirement and Disability

Fund).

2(B). States and Congressional

Districts Affected: All.

2(C). Total Number of Cancellations

(inclusive) in Current Session in each

State and District identified above: The

provision would have had a national

effect.

[FR Doc. 97–27914 Filed 10–16–97; 4:12 pm]

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