•HCON 86 IH
new direct loan obligations, and new primary loan guaran-
tee commitments for fiscal years 1998 through 2002 for
each major functional category are:
(1) National Defense (050):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$268,197,000,000.
(B) Outlays, $265,978,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $588,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$270,784,000,000.
(B) Outlays, $265,771,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $757,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$274,802,000,000.
(B) Outlays, $268,418,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
•HCON 86 IH
Fiscal year 2001:
(A) 
New 
budget 
authority,
$281,305,000,000.
(B) Outlays, $270,110,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$289,092,000,000.
(B) Outlays, $272,571,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
(2) International Affairs (150):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$15,909,000,000.
(B) Outlays, $14,558,000,000.
(C) New direct loan obligations,
$1,966,000,000.
(D) New primary loan guarantee com-
mitments, $12,751,000,000.
Fiscal year 1999:
•HCON 86 IH
(A) 
New 
budget 
authority,
$14,918,000,000.
(B) Outlays, $14,569,000,000.
(C) New direct loan obligations,
$2,021,000,000.
(D) New primary loan guarantee com-
mitments, $13,093,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$15,782,000,000.
(B) Outlays, $14,981,000,000.
(C) New direct loan obligations,
$2,077,000,000.
(D) New primary loan guarantee com-
mitments, $13,434,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$16,114,000,000.
(B) Outlays, $14,751,000,000.
(C) New direct loan obligations,
$2,122,000,000.
(D) New primary loan guarantee com-
mitments, $13,826,000,000.
Fiscal year 2002:
•HCON 86 IH
(A) 
New 
budget 
authority,
$16,353,000,000.
(B) Outlays, $14,812,000,000.
(C) New direct loan obligations,
$2,178,000,000.
(D) New primary loan guarantee com-
mitments, $14,217,000,000.
(3) General Science, Space, and Technology
(250):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$16,237,000,000.
(B) Outlays, $16,882,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$16,203,000,000.
(B) Outlays, $16,528,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
•HCON 86 IH
(A) 
New 
budget 
authority,
$15,947,000,000.
(B) Outlays, $16,013,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$15,800,000,000.
(B) Outlays, $15,862,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$15,604,000,000.
(B) Outlays, $15,668,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(4) Energy (270):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$3,123,000,000.
(B) Outlays, $2,247,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$1,050,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$3,469,000,000.
(B) Outlays, $2,446,000,000.
(C) New direct loan obligations,
$1,078,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$3,186,000,000.
(B) Outlays, $2,293,000,000.
(C) New direct loan obligations,
$1,109,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$2,939,000,000.
(B) Outlays, $2,048,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$1,141,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$2,846,000,000.
(B) Outlays, $1,867,000,000.
(C) New direct loan obligations,
$1,174,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(5) Natural Resources and Environment (300):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$23,877,000,000.
(B) Outlays, $22,405,000,000.
(C) New direct loan obligations,
$30,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$23,227,000,000.
(B) Outlays, $22,702,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$32,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$22,570,000,000.
(B) Outlays, $22,963,000,000.
(C) New direct loan obligations,
$32,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$22,151,000,000.
(B) Outlays, $22,720,000,000.
(C) New direct loan obligations,
$34,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$22,086,000,000.
(B) Outlays, $22,313,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$34,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(6) Agriculture (350):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$13,133,000,000.
(B) Outlays, $11,892,000,000.
(C) New direct loan obligations,
$9,620,000,000.
(D) New primary loan guarantee com-
mitments, $6,365,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$12,790,000,000.
(B) Outlays, $11,294,000,000.
(C) New direct loan obligations,
$11,047,000,000.
(D) New primary loan guarantee com-
mitments, $6,436,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$12,215,000,000.
(B) Outlays, $10,664,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$11,071,000,000.
(D) New primary loan guarantee com-
mitments, $6,509,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$10,978,000,000.
(B) Outlays, $9,494,000,000.
(C) New direct loan obligations,
$10,960,000,000.
(D) New primary loan guarantee com-
mitments, $6,583,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$10,670,000,000.
(B) Outlays, $9,108,000,000.
(C) New direct loan obligations,
$10,965,000,000.
(D) New primary loan guarantee com-
mitments, $6,660,000,000.
(7) Commerce and Housing Credit (370):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$6,607,000,000.
(B) Outlays, ¥$920,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$4,739,000,000.
(D) New primary loan guarantee com-
mitments, $245,500,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$11,082,000,000.
(B) Outlays, $4,299,000,000.
(C) New direct loan obligations,
$1,887,000,000.
(D) New primary loan guarantee com-
mitments, $253,450,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$15,183,000,000.
(B) Outlays, $9,821,000,000.
(C) New direct loan obligations,
$2,238,000,000.
(D) New primary loan guarantee com-
mitments, $255,200,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$16,078,000,000.
(B) Outlays, $12,133,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$2,574,000,000.
(D) New primary loan guarantee com-
mitments, $257,989,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$16,678,000,000.
(B) Outlays, $12,541,000,000.
(C) New direct loan obligations,
$2,680,000,000.
(D) New primary loan guarantee com-
mitments, $259,897,000,000.
(8) Transportation (400):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$46,402,000,000.
(B) Outlays, $40,933,000,000.
(C) New direct loan obligations,
$155,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$46,556,000,000.
(B) Outlays, $41,256,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$135,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$47,114,000,000.
(B) Outlays, $41,357,000,000.
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$48,135,000,000.
(B) Outlays, $41,303,000,000.
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$49,184,000,000.
(B) Outlays, $41,247,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(9) Community and Regional Development
(450):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$8,768,000,000.
(B) Outlays, $10,387,000,000.
(C) New direct loan obligations,
$2,867,000,000.
(D) New primary loan guarantee com-
mitments, $2,385,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$8,489,000,000.
(B) Outlays, $10,902,000,000.
(C) New direct loan obligations,
$2,943,000,000.
(D) New primary loan guarantee com-
mitments, $2,406,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$7,810,000,000.
•HCON 86 IH
(B) Outlays, $10,986,000,000.
(C) New direct loan obligations,
$3,020,000,000.
(D) New primary loan guarantee com-
mitments, $2,429,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$7,764,000,000.
(B) Outlays, $11,350,000,000.
(C) New direct loan obligations,
$3,098,000,000.
(D) New primary loan guarantee com-
mitments, $2,452,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$7,790,000,000.
(B) Outlays, $8,429,000,000.
(C) New direct loan obligations,
$3,180,000,000.
(D) New primary loan guarantee com-
mitments, $2,475,000,000.
(10) Education, Training, Employment, and
Social Services (500):
Fiscal year 1998:
•HCON 86 IH
(A) 
New 
budget 
authority,
$60,020,000,000.
(B) Outlays, $56,062,000,000.
(C) New direct loan obligations,
$12,328,000,000.
(D) New primary loan guarantee com-
mitments, $20,665,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$60,450,000,000.
(B) Outlays, $59,335,000,000.
(C) New direct loan obligations,
$13,092,000,000.
(D) New primary loan guarantee com-
mitments, $21,899,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$61,703,000,000.
(B) Outlays, $60,728,000,000.
(C) New direct loan obligations,
$13,926,000,000.
(D) New primary loan guarantee com-
mitments, $23,263,000,000.
Fiscal year 2001:
•HCON 86 IH
(A) 
New 
budget 
authority,
$62,959,000,000.
(B) Outlays, $61,931,000,000.
(C) New direct loan obligations,
$14,701,000,000.
(D) New primary loan guarantee com-
mitments, $24,517,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$63,339,000,000.
(B) Outlays, $62,316,000,000.
(C) New direct loan obligations,
$15,426,000,000.
(D) New primary loan guarantee com-
mitments, $25,676,000,000.
(11) Health (550):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$137,799,000,000.
(B) Outlays, $137,767,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $85,000,000.
Fiscal year 1999:
•HCON 86 IH
(A) 
New 
budget 
authority,
$144,968,000,000.
(B) Outlays, $144,944,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$154,068,000,000.
(B) Outlays, $153,947,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$163,412,000,000.
(B) Outlays, $163,135,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$172,171,000,000.
(B) Outlays, $171,727,000,000.
(C) New direct loan obligations, $0.
•HCON 86 IH
(D) New primary loan guarantee com-
mitments, $0.
(12) Medicare (570):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$201,620,000,000.
(B) Outlays, $201,764,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$212,073,000,000.
(B) Outlays, $211,548,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$225,540,000,000.
(B) Outlays, $225,537,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
•HCON 86 IH
(A) 
New 
budget 
authority,
$239,636,000,000.
(B) Outlays, $238,781,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$251,548,000,000.
(B) Outlays, $250,769,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(13) Income Security (600):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$239,032,000,000.
(B) Outlays, $247,758,000,000.
(C) New direct loan obligations,
$45,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$254,090,000,000.
•HCON 86 IH
(B) Outlays, $258,064,000,000.
(C) New direct loan obligations,
$75,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$269,566,000,000.
(B) Outlays, $268,161,000,000.
(C) New direct loan obligations,
$110,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$275,145,000,000.
(B) Outlays, $277,264,000,000.
(C) New direct loan obligations,
$145,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$286,945,000,000.
(B) Outlays, $285,239,000,000.
•HCON 86 IH
(C) New direct loan obligations,
$170,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
(14) Social Security (650):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$11,424,000,000.
(B) Outlays, $11,524,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$12,060,000,000.
(B) Outlays, $12,196,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$12,792,000,000.
(B) Outlays, $12,866,000,000.
(C) New direct loan obligations, $0.
•HCON 86 IH
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$13,022,000,000.
(B) Outlays, $13,043,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$14,383,000,000.
(B) Outlays, $14,398,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(15) Veterans Benefits and Services (700):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$40,545,000,000.
(B) Outlays, $41,337,000,000.
(C) New direct loan obligations,
$1,029,000,000.
(D) New primary loan guarantee com-
mitments, $27,096,000,000.
•HCON 86 IH
Fiscal year 1999:
(A) 
New 
budget 
authority,
$41,466,000,000.
(B) Outlays, $41,700,000,000.
(C) New direct loan obligations,
$1,068,000,000.
(D) New primary loan guarantee com-
mitments, $26,671,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$41,740,000,000.
(B) Outlays, $41,908,000,000.
(C) New direct loan obligations,
$1,177,000,000.
(D) New primary loan guarantee com-
mitments, $26,202,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$42,093,000,000.
(B) Outlays, $42,215,000,000.
(C) New direct loan obligations,
$1,249,000,000.
(D) New primary loan guarantee com-
mitments, $25,609,000,000.
Fiscal year 2002:
•HCON 86 IH
(A) 
New 
budget 
authority,
$42,282,000,000.
(B) Outlays, $42,436,000,000.
(C) New direct loan obligations,
$1,277,000,000.
(D) New primary loan guarantee com-
mitments, $25,129,000,000.
(16) Administration of Justice (750):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$24,765,000,000.
(B) Outlays, $22,609,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$25,120,000,000.
(B) Outlays, $24,476,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$24,178,000,000.
•HCON 86 IH
(B) Outlays, $25,240,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$24,354,000,000.
(B) Outlays, $25,901,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$24,883,000,000.
(B) Outlays, $24,879,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(17) General Government (800):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$14,711,000,000.
(B) Outlays, $13,959,000,000.
(C) New direct loan obligations, $0.
•HCON 86 IH
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$14,444,000,000.
(B) Outlays, $14,363,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$13,977,000,000.
(B) Outlays, $14,727,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$13,675,000,000.
(B) Outlays, $14,131,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
•HCON 86 IH
(A) 
New 
budget 
authority,
$13,105,000,000.
(B) Outlays, $13,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(18) Net Interest (900):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$296,547,000,000.
(B) Outlays, $296,547,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$304,558,000,000.
(B) Outlays, $304,558,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$305,075,000,000.
(B) Outlays, $305,075,000,000.
•HCON 86 IH
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$303,833,000,000.
(B) Outlays, $303,833,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$303,728,000,000.
(B) Outlays, $303,728,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(19) Allowances (920):
Fiscal year 1998:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
•HCON 86 IH
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(20) Undistributed Offsetting Receipts (950):
Fiscal year 1998:
•HCON 86 IH
(A) 
New 
budget 
authority,
¥$41,841,000,000.
(B) Outlays, ¥$41,841,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
¥$36,949,000,000.
(B) Outlays, ¥$36,949,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
¥$36,937,000,000.
(B) Outlays, ¥$36,937,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
¥$39,151,000,000.
(B) Outlays, ¥$39,151,000,000.
(C) New direct loan obligations, $0.
•HCON 86 IH
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
¥$51,124,000,000.
(B) Outlays, ¥$51,124,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
SEC. 104. RECONCILIATION IN THE SENATE.
(a) RECONCILIATION OF SPENDING REDUCTIONS.—
Not later than June 13, 1997, the committees named in
this subsection shall submit their recommendations to the
Committee on the Budget of the Senate. After receiving
those recommendations, the Committee on the Budget
shall report to the Senate a reconciliation bill carrying out
all such recommendations without any substantive revi-
sion.
(1) COMMITTEE ON AGRICULTURE, NUTRITION,
AND FORESTRY.—The Senate Committee on Agri-
culture, Nutrition, and Forestry shall report changes
in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Bal-
anced Budget and Emergency Deficit Control Act of
1985) to increase outlays by not more than
•HCON 86 IH
$300,000,000 in fiscal year 2002 and by not more
than $1,500,000,000 for the period of fiscal years
1998 through 2002.
(2) COMMITTEE ON BANKING, HOUSING, AND
URBAN AFFAIRS.—The Senate Committee on Bank-
ing, Housing, and Urban Affairs shall report
changes in laws within its jurisdiction that reduce
the deficit $434,000,000 in fiscal year 2002 and
$1,590,000,000 for the period of fiscal years 1998
through 2002.
(3) COMMITTEE ON COMMERCE, SCIENCE, AND
TRANSPORTATION.—The Senate Committee on Com-
merce, Science, and Transportation shall report
changes in laws within its jurisdiction that reduce
the deficit $14,849,000,000 in fiscal year 2002 and
$26,496,000,000 for the period of fiscal years 1998
through 2002.
(4) COMMITTEE ON ENERGY AND NATURAL RE-
SOURCES.—The Senate Committee on Energy and
Natural Resources shall report changes in laws with-
in its jurisdiction that provide direct spending (as
defined in section 250(c)(8) of the Balanced Budget
and Emergency Deficit Control Act of 1985) to re-
duce outlays $6,000,000 in fiscal year 2002 and
•HCON 86 IH
$13,000,000 for the period of fiscal years 1998
through 2002.
(5) COMMITTEE
ON
FINANCE.—The Senate
Committee on Finance shall report changes in laws
within its jurisdiction—
(A) that provide direct spending (as de-
fined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of
1985) to reduce outlays $40,911,000,000 in fis-
cal year 2002 and $100,646,000,000 for the pe-
riod of fiscal years 1998 through 2002; and
(B) to increase the statutory limit on the
public 
debt 
to 
not 
more 
than
$5,950,000,000,000.
(6) 
COMMITTEE
ON
GOVERNMENTAL
AF-
FAIRS.—The Senate Committee on Governmental
Affairs shall report changes in laws within its juris-
diction that reduce the deficit $1,769,000,000 in fis-
cal year 2002 and $5,467,000,000 for the period of
fiscal years 1998 through 2002.
(7) COMMITTEE
ON
LABOR
AND
HUMAN
RE-
SOURCES.—The Senate Committee on Labor and
Human Resources shall report changes in laws with-
in its jurisdiction that provide direct spending (as
defined in section 250(c)(8) of the Balanced Budget
•HCON 86 IH
and Emergency Deficit Control Act of 1985) to re-
duce outlays $1,057,000,000 in fiscal year 2002 and
$1,792,000,000 for the period of fiscal years 1998
through 2002.
(8) COMMITTEE ON VETERANS’ AFFAIRS.—The
Senate Committee on Veterans’ Affairs shall report
changes in laws within its jurisdiction that provide
direct spending (as defined in section 250(c)(8) of
the Balanced Budget and Emergency Deficit Control
Act of 1985) to reduce outlays $681,000,000 in fis-
cal year 2002 and $2,733,000,000 for the period of
fiscal years 1998 through 2002.
(b) RECONCILIATION OF REVENUE REDUCTIONS.—
Not later than June 20, 1997, the Senate Committee on
Finance shall report to the Senate a reconciliation bill pro-
posing changes in laws within its jurisdiction necessary to
reduce revenues by not more than $20,500,000,000 in fis-
cal year 2002 and $85,000,000,000 for the period of fiscal
years 1998 through 2002.
(c) TREATMENT OF CONGRESSIONAL PAY-AS-YOU-
GO.—For purposes of section 202 of House Concurrent
Resolution 67 (104th Congress), legislation which reduces
revenues pursuant to a reconciliation instruction contained
in subsection (b) shall be taken together with all other
legislation enacted pursuant to the reconciliation instruc-
•HCON 86 IH
tions contained in this resolution when determining the
deficit effect of such legislation.
(d) ADJUSTMENTS.—
(1) DEFICIT
NEUTRAL
ADJUSTMENTS.—Upon
the reporting of reconciliation legislation pursuant to
subsection (a), or upon the submission of a con-
ference report thereon, and if the Committee on Fi-
nance reduces the deficit by an amount equal to or
greater than the outlay reduction that would be
achieved pursuant to subsection (a)(5)(A), the
Chairman of the Committee on the Budget, with the
concurrence and agreement of the ranking minority
member, may submit appropriately revised reconcili-
ation instructions to the Committee on Finance to
reduce the deficit, allocations, limits, and aggregates
if such revisions do not cause an increase in the def-
icit for fiscal year 1998 and for the period of fiscal
years 1998 through 2002.
(2) FLEXIBILITY ON ADJUSTMENTS.—
(A) IN GENERAL.—If the adjustments au-
thorized by paragraph (1) involve a reduction in
the revenue aggregates set forth in this resolu-
tion, in lieu of revenue reductions, the Chair-
man of the Committee on the Budget may
make upward adjustments to the discretionary
•HCON 86 IH
spending limits in this resolution, or any com-
bination thereof.
(B) LIMIT.—The adjustments made pursu-
ant to this subsection shall not exceed
$2,300,000,000 in fiscal year 1998 and
$16,000,000,000 for the period of fiscal years
1998 through 2002.
SEC. 105. RECONCILIATION IN THE HOUSE OF REPRESENT-
ATIVES.
(a) SUBMISSIONS.—
(1) ENTITLEMENT REFORMS.—Not later than
June 13, 1997, the House committees named in sub-
section (b) shall submit their recommendations to
the House Committee on the Budget. After receiving
those recommendations, the House Committee on
the Budget shall report to the House a reconciliation
bill carrying out all such recommendations without
any substantive revision.
(2) TAX
RELIEF
AND
MISCELLANEOUS
RE-
FORMS.—Not later than June 14, 1997, the House
committees named in subsection (c) shall submit
their recommendations to the House Committee on
the Budget. After receiving those recommendations,
the House Committee on the Budget shall report to
•HCON 86 IH
the House a reconciliation bill carrying out all such
recommendations without any substantive revision.
(b) INSTRUCTIONS RELATING TO ENTITLEMENT RE-
FORMS.—
(1) COMMITTEE ON AGRICULTURE.—The House
Committee on Agriculture shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $34,571,000,000 in
outlays for fiscal year 1998, $37,008,000,000 in
outlays for fiscal year 2002, and $179,884,000,000
in outlays in fiscal years 1998 through 2002.
(2) COMMITTEE ON BANKING AND FINANCIAL
SERVICES.—The House Committee on Banking and
Financial Services shall report changes in laws with-
in its jurisdiction that provide direct spending such
that the total level of direct spending for that com-
mittee does not exceed: ¥$8,435,000,000 in outlays
for fiscal year 1998, ¥$5,091,000,000 in outlays
for fiscal year 2002, and ¥$32,743,000,000 in out-
lays in fiscal years 1998 through 2002.
(3) COMMITTEE
ON
COMMERCE.—The House
Committee on Commerce shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
•HCON 86 IH
that committee does not exceed: $393,533,000,000
in outlays for fiscal year 1998, $507,150,000,000 in
outlays 
for 
fiscal 
year 
2002, 
and
$2,259,294,000,000 in outlays in fiscal years 1998
through 2002.
(4) COMMITTEE
ON
EDUCATION
AND
THE
WORKFORCE.—The House Committee on Education
and the Workforce shall report changes in laws with-
in its jurisdiction that provide direct spending such
that the total level of direct spending for that com-
mittee does not exceed: $17,222,000,000 in outlays
for fiscal year 1998, $17,673,000,000 in outlays for
fiscal year 2002, and $89,528,000,000 in outlays in
fiscal years 1998 through 2002.
(5) COMMITTEE ON GOVERNMENT REFORM AND
OVERSIGHT.—(A) The House Committee on Govern-
ment Reform and Oversight shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $68,975,000,000 in
outlays for fiscal year 1998, $81,896,000,000 in
outlays for fiscal year 2002, and $375,722,000,000
in outlays in fiscal years 1998 through 2002.
(B) The House Committee on Government Re-
form and Oversight shall report changes in laws
•HCON 86 IH
within its jurisdiction that would reduce the deficit
by: $0 in fiscal year 1998, $621,000,000 in fiscal
year 2002, and $1,829,000,000 in fiscal years 1998
through 2002.
(6) COMMITTEE ON TRANSPORTATION AND IN-
FRASTRUCTURE.—The House Committee on Trans-
portation and Infrastructure shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $18,087,000,000 in
outlays for fiscal year 1998, $17,283,000,000 in
outlays for fiscal year 2002, and $88,711,000,000
in outlays in fiscal years 1998 through 2002.
(7) COMMITTEE ON VETERANS’ AFFAIRS.—The
House Committee on Veterans’ Affairs shall report
changes in laws within its jurisdiction that provide
direct spending such that the total level of direct
spending for that committee does not exceed:
$22,444,000,000 in outlays for fiscal year 1998,
$24,563,000,000 in outlays for fiscal year 2002, and
$117,959,000,000 in outlays in fiscal years 1998
through 2002.
(8) COMMITTEE
ON
WAYS
AND
MEANS.—(A)
The House Committee on Ways and Means shall re-
port changes in laws within its jurisdiction such that
•HCON 86 IH
outlays for fiscal year 2002, and $179,884,000,000
in outlays in fiscal years 1998 through 2002.
(2) COMMITTEE ON BANKING AND FINANCIAL
SERVICES.—The House Committee on Banking and
Financial Services shall report changes in laws with-
in its jurisdiction that provide direct spending such
that the total level of direct spending for that com-
mittee does not exceed: ¥$8,435,000,000 in outlays
for fiscal year 1998, ¥$5,091,000,000 in outlays
for fiscal year 2002, and ¥$32,743,000,000 in out-
lays in fiscal years 1998 through 2002.
(3) COMMITTEE
ON
COMMERCE.—The House
Committee on Commerce shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $393,533,000,000
in outlays for fiscal year 1998, $507,150,000,000 in
outlays 
for 
fiscal 
year 
2002, 
and
$2,259,294,000,000 in outlays in fiscal years 1998
through 2002.
(4) COMMITTEE
ON
EDUCATION
AND
THE
WORKFORCE.—The House Committee on Education
and the Workforce shall report changes in laws with-
in its jurisdiction that provide direct spending such
that the total level of direct spending for that com-
•HCON 86 IH
mittee does not exceed: $17,222,000,000 in outlays
for fiscal year 1998, $17,673,000,000 in outlays for
fiscal year 2002, and $89,528,000,000 in outlays in
fiscal years 1998 through 2002.
(5) COMMITTEE ON GOVERNMENT REFORM AND
OVERSIGHT.—(A) The House Committee on Govern-
ment Reform and Oversight shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $68,975,000,000 in
outlays for fiscal year 1998, $81,896,000,000 in
outlays for fiscal year 2002, and $375,722,000,000
in outlays in fiscal years 1998 through 2002.
(B) The House Committee on Government Re-
form and Oversight shall report changes in laws
within its jurisdiction that would reduce the deficit
by: $0 in fiscal year 1998, $621,000,000 in fiscal
year 2002, and $1,829,000,000 in fiscal years 1998
through 2002.
(6) COMMITTEE ON TRANSPORTATION AND IN-
FRASTRUCTURE.—The House Committee on Trans-
portation and Infrastructure shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $18,087,000,000 in
•HCON 86 IH
outlays for fiscal year 1998, $17,283,000,000 in
outlays for fiscal year 2002, and $88,711,000,000 in
outlays in fiscal years 1998 through 2002.
(7) COMMITTEE ON VETERANS’ AFFAIRS.—The
House Committee on Veterans’ Affairs shall report
changes in laws within its jurisdiction that provide
direct spending such that the total level of direct
spending for that committee does not exceed:
$22,444,000,000 in outlays for fiscal year 1998,
$24,563,000,000 in outlays for fiscal year 2002, and
$117,959,000,000 in outlays in fiscal years 1998
through 2002.
(8) COMMITTEE
ON
WAYS
AND
MEANS.—(A)
The House Committee on Ways and Means shall re-
port changes in laws within its jurisdiction such that
the total level of direct spending for that committee
does not exceed: $397,581,000,000 in outlays for
fiscal year 1998, $506,522,000,000 in outlays for
fiscal year 2002, and $2,257,912,000,000 in outlays
in fiscal years 1998 through 2002.
(B) The House Committee on Ways and Means
shall report changes in laws within its jurisdiction
such that the total level of revenues for that commit-
tee is not less than: $1,172,136,000,000 in revenues
for fiscal year 1998, $1,382,679,000,000 in revenues
•HCON 86 IH
for fiscal year 2002, and $6,358,388,000,000 in rev-
enues in fiscal years 1998 through 2002.
(C) The House Committee on Ways and Means
shall report changes in laws within its jurisdiction to
increase the statutory limit on the public debt to not
more than $5,950,000,000,000.
(d) DEFINITION.—For purposes of this section, the
term ‘‘direct spending’’ has the meaning given to such
term in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985.
(e) CHILDREN’S HEALTH INITIATIVE.—If the Com-
mittees on Commerce and Ways and Means report rec-
ommendations pursuant to their reconciliation instruc-
tions that, combined, provide an initiative for children’s
health that would increase the deficit by more than $2.3
billion for fiscal year 1998, by more than $3.9 billion for
fiscal year 2002, and by more than $16 billion for the
period of fiscal years 1998 through 2002, the committees
shall be deemed to not have complied with their reconcili-
ation instructions pursuant to section 310(d) of the Con-
gressional Budget Act of 1974.
•HCON 86 IH
TITLE II—BUDGETARY
RESTRAINTS AND RULEMAKING
SEC. 201. DISCRETIONARY SPENDING LIMITS.
(a) DISCRETIONARY LIMITS.—In the Senate, in this
section and for the purposes of allocations made for the
discretionary category pursuant to section 302(a) or
602(a) of the Congressional Budget Act of 1974, the term
‘‘discretionary spending limit’’ means—
(1) with respect to fiscal year 1998—
(A) 
for 
the 
defense 
category
$269,000,000,000 in new budget authority and
$266,823,000,000 in outlays; and
(B) 
for 
the 
nondefense 
category
$257,857,000,000 in new budget authority and
$286,445,000,000 in outlays;
(2) with respect to fiscal year 1999—
(A) 
for 
the 
defense 
category
$271,500,000,000 in new budget authority and
$266,518,000,000 in outlays; and
(B) 
for 
the 
nondefense 
category
$261,499,000,000 in new budget authority and
$292,803,000,000 in outlays;
(3) with respect to fiscal year 2000, for the dis-
cretionary category $537,193,000,000 in new budget
authority and $564,265,000,000 in outlays;
•HCON 86 IH
(4) with respect to fiscal year 2001, for the dis-
cretionary category $542,032,000,000 in new budget
authority and $564,396,000,000 in outlays; and
(5) with respect to fiscal year 2002, for the dis-
cretionary category $551,074,000,000 in new budget
authority and $560,799,000,000 in outlays;
as adjusted for changes in concepts and definitions and
emergency appropriations.
(b) POINT OF ORDER IN THE SENATE.—
(1) IN GENERAL.—Except as provided in para-
graph (2), it shall not be in order in the Senate to
consider—
(A) a revision of this resolution or any con-
current resolution on the budget for fiscal years
1999, 2000, 2001, and 2002 (or amendment,
motion, or conference report on such a resolu-
tion) that provides discretionary spending in ex-
cess of the discretionary spending limit or limits
for such fiscal year; or
(B) any bill or resolution (or amendment,
motion, or conference report on such bill or res-
olution) for fiscal year 1998, 1999, 2000, 2001,
or 2002 that would cause any of the limits in
this section (or suballocations of the discre-
tionary limits made pursuant to section 602(b)
•HCON 86 IH
of the Congressional Budget Act of 1974) to be
exceeded.
(2) EXCEPTION.—
(A) IN GENERAL.—This section shall not
apply if a declaration of war by the Congress is
in effect or if a joint resolution pursuant to sec-
tion 258 of the Balanced Budget and Emer-
gency Deficit Control Act of 1985 has been en-
acted.
(B) ENFORCEMENT
OF
DISCRETIONARY
LIMITS IN FISCAL YEAR 1998.—Until the enact-
ment of reconciliation legislation pursuant to
subsections (a) and (b) of section 104 of this
resolution—
(i) subparagraph (A) of paragraph (1)
shall not apply; and
(ii) subparagraph (B) of paragraph
(1) shall apply only with respect to fiscal
year 1998.
(c) WAIVER.—This section may be waived or sus-
pended in the Senate only by the affirmative vote of three-
fifths of the Members, duly chosen and sworn.
(d) APPEALS.—Appeals in the Senate from the deci-
sions of the Chair relating to any provision of this section
shall be limited to 1 hour, to be equally divided between,
•HCON 86 IH
and controlled by, the appellant and the manager of the
concurrent resolution, bill, or joint resolution, as the case
may be. An affirmative vote of three-fifths of the Members
of the Senate, duly chosen and sworn, shall be required
in the Senate to sustain an appeal of the ruling of the
Chair on a point of order raised under this section.
(e) DETERMINATION OF BUDGET LEVELS.—For pur-
poses of this section, the levels of new budget authority,
outlays, new entitlement authority, revenues, and deficits
for a fiscal year shall be determined on the basis of esti-
mates made by the Committee on the Budget of the Sen-
ate.
SEC. 202. ALLOWANCE.
(a) ADJUSTMENTS.—In the Senate, for fiscal year
1998, 1999, 2000, 2001, or 2002, and in the House of
Representatives, for fiscal year 1998, upon the reporting
of an appropriations measure (or the submission of a con-
ference report thereon) that includes an appropriation
with respect to paragraph (1) or (2), the chairman of the
Committee on the Budget shall increase the appropriate
allocations, budgetary aggregates, and, in the Senate, dis-
cretionary limits, by the amount of budget authority in
that measure that is the dollar equivalent, in terms of Spe-
cial Drawing Rights, of—
•HCON 86 IH
(1) an increase in the United States quota as
part of the International Monetary Fund Eleventh
General Review of Quotas (United States Quota); or
(2) any increase in the maximum amount avail-
able to the Secretary of the Treasury pursuant to
section 17 of the Bretton Woods Agreement Act, as
amended from time to time (New Arrangements to
Borrow).
(b) COMMITTEE SUBALLOCATIONS.—The Committee
on Appropriations may report to its House appropriately
revised suballocations pursuant to sections 302(b)(1) and
602(b)(1) of the Congressional Budget Act of 1974 follow-
ing the adjustments made pursuant to subsection (a).
SEC. 203. ALLOWANCE FOR SECTION 8 HOUSING ASSIST-
ANCE.
(a) ADJUSTMENT FOR DISCRETIONARY SPENDING.—
For fiscal year 1998, upon the reporting of an appropria-
tion measure (or upon the submission of a conference re-
port thereon) that includes an appropriation for the re-
newal of expiring contracts for tenant- and project-based
housing assistance under section 8 of the United States
Housing Act of 1937, the chairman of the Committee on
the Budget may increase the appropriate allocations and
aggregates in this resolution by the amount provided in
that appropriation measure for that purpose, but not to
•HCON 86 IH
exceed $9,200,000,000 in budget authority and the
amount of outlays flowing from such budget authority.
(b) COMMITTEE SUBALLOCATIONS.—The Committee
on Appropriations may report to its House appropriately
revised suballocations pursuant to sections 302(b)(1) and
602(b)(1) of the Congressional Budget Act of 1974 follow-
ing the adjustments made pursuant to subsection (a).
SEC. 204. SEPARATE ENVIRONMENTAL ALLOCATION.
(a) COMMITTEE ALLOCATIONS.—After the Commit-
tee on Commerce and the Committee on Transportation
and Infrastructure reports a bill (or a conference report
thereon is filed) or in the Senate, after the Committee on
Environment and Public Works reports a bill (or a con-
ference report thereon is filed) to reform the Superfund
program to facilitate the cleanup of hazardous waste sites,
the chairman of the Committee on the Budget of that
House may increase the appropriate allocations in this res-
olution by the amount provided in that bill for that pur-
pose.
(b) PRIOR SURPLUS.—In the Senate, for the pur-
poses of section 202 of House Concurrent Resolution 67
(104th Congress), legislation reported (or the submission
of a conference report thereon) pursuant to paragraph (1)
shall be taken together with all other legislation enacted
pursuant to section 104 of this resolution.
•HCON 86 IH
purpose, but not to exceed $700,000,000 in budget au-
thority and the amount of outlays flowing from such budg-
et authority.
(b) COMMITTEE SUBALLOCATIONS.—The Committee
on Appropriations may report to its House appropriately
revised suballocations pursuant to sections 302(b)(1) and
602(b)(1) of the Congressional Budget Act of 1974 follow-
ing the adjustments made pursuant to subsection (a).
SEC. 206. ALLOWANCE FOR ARREARAGES.
(a) ADJUSTMENT FOR DISCRETIONARY SPENDING.—
(1) In the Senate, for the period of fiscal years 1998
through 2002, or in the House of Representatives, for fis-
cal year 1998, upon the reporting of an appropriations
measure (or upon the submission of a conference report
thereon) that includes an appropriation for arrearages for
international organizations, international peacekeeping,
and multilateral development banks during that fiscal
year, the Chairman of the Committee on the Budget may
increase the appropriate allocations, aggregates, and, in
the Senate only, discretionary spending limits in this reso-
lution by an amount provided for that purpose in that ap-
propriation measure.
(2) In the Senate, the adjustments described in para-
graph (1) for the period of fiscal years 1998 through 2002
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may not exceed $1,884,000,000 in budget authority and
the amount of outlays flowing from such budget authority.
(b) COMMITTEE SUBALLOCATIONS.—The Committee
on Appropriations may report to its House appropriately
revised suballocations pursuant to sections 302(b)(1) and
602(b)(1) of the Congressional Budget Act of 1974 follow-
ing the adjustments made pursuant to subsection (a).
SEC. 207. INTERCITY PASSENGER RAIL RESERVE FUND FOR
FISCAL YEARS 1998–2002.
(a) IN GENERAL.—In the Senate, if legislation is en-
acted which generates revenue increases or direct spending
reductions to finance an intercity passenger rail fund and
to the extent that such increases or reductions are not in-
cluded in this concurrent resolution on the budget, the ap-
propriate budgetary levels and limits may be adjusted if
such adjustments do not cause an increase in the deficit
in this resolution.
(b) ESTABLISHING A RESERVE.—
(1) REVISIONS.—After the enactment of legisla-
tion described in subsection (a), the Chairman of the
Committee on the Budget of the Senate may submit
revisions to the appropriate allocations and aggre-
gates by the amount that provisions in such legisla-
tion generates revenue increases or direct spending
reductions.
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(2) REVENUE INCREASES OR DIRECT SPENDING
REDUCTIONS.—Upon the submission of such revi-
sions, the Chairman of the Committee on the Budg-
et of the Senate shall also submit the amount of rev-
enue increases or direct spending reductions such
legislation generates and the maximum amount
available each year for adjustments pursuant to sub-
section (c).
(c) ADJUSTMENTS
FOR
DISCRETIONARY
SPEND-
ING.—
(1) REVISIONS TO ALLOCATIONS AND AGGRE-
GATES.—Upon either—
(A) the reporting of an appropriations
measure, or when a conference committee sub-
mits a conference report thereon, that appro-
priates funds for the National Railroad Pas-
senger Corporation and funds from the intercity
passenger rail fund; or
(B) the reporting of an appropriations
measure, or when a conference committee sub-
mits a conference report thereon, that appro-
priates funds from the intercity passenger rail
fund (funds having previously been appro-
priated for the National Railroad Passenger
Corporation for that same fiscal year),
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the Chairman of the Budget Committee of the Sen-
ate shall submit increased budget authority alloca-
tions, aggregates, and discretionary limits for the
amount appropriated for authorized expenditures
from the intercity passenger rail fund and the out-
lays flowing from such budget authority.
(2) REVISIONS
TO
SUBALLOCATIONS.—The
Committee on Appropriations of the Senate may
submit appropriately revised suballocations pursuant
to sections 302(b)(1) and 602(b)(1) of the Congres-
sional Budget Act of 1974.
(d) LIMITATIONS.—
(1) IN GENERAL.—The revisions made pursu-
ant to subsection (b) shall not be made—
(A) with respect to direct spending reduc-
tions, unless the committee that generates the
direct spending reductions is within its alloca-
tions under sections 302(a) and 602(a) of the
Budget Act in this resolution (not including the
direct spending reductions envisioned in sub-
section (b)); and
(B) with respect to revenue increases, un-
less revenues are at or above the revenue aggre-
gates in this resolution (not including the reve-
nue increases envisioned in subsection (b)).
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(2) BUDGET AUTHORITY.—The budget author-
ity adjustments made pursuant to subsection (c)
shall not exceed the amounts specified in subsection
(b)(2) for a fiscal year.
SEC. 208. MASS TRANSIT RESERVE FUND FOR FISCAL
YEARS 1998–2002.
(a) IN GENERAL.—In the Senate, if legislation is en-
acted which generates revenue increases or direct spending
reductions to finance mass transit and to the extent that
such increases or reductions are not included in this con-
current resolution on the budget, the appropriate budg-
etary levels and limits may be adjusted if such adjust-
ments do not cause an increase in the deficit in this resolu-
tion.
(b) ESTABLISHING A RESERVE.—
(1) REVISIONS.—After the enactment of legisla-
tion described in subsection (a), the Chairman of the
Committee on the Budget of the Senate may submit
revisions to the appropriate allocations and aggre-
gates by the amount that provisions in such legisla-
tion generates revenue increases or direct spending
reductions.
(2) REVENUE INCREASES OR DIRECT SPENDING
REDUCTIONS.—Upon the submission of such revi-
sions, the Chairman of the Committee on the Budg-
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et of the Senate shall also submit the amount of rev-
enue increases or direct spending reductions such
legislation generates and the maximum amount
available each year for adjustments pursuant to sub-
section (c).
(c) ADJUSTMENTS
FOR
DISCRETIONARY
SPEND-
ING.—
(1) REVISIONS TO ALLOCATIONS AND AGGRE-
GATES.—Upon the reporting of an appropriations
measure, or when a conference committee submits a
conference report thereon, that appropriates funds
for mass transit, the Chairman of the Budget Com-
mittee of the Senate shall submit increased budget
authority allocations, aggregates, and discretionary
limits for the amount appropriated for authorized
expenditures from the mass transit fund and the
outlays flowing from such budget authority.
(2) REVISIONS
TO
SUBALLOCATIONS.—The
Committee on Appropriations of the Senate may
submit appropriately revised suballocations pursuant
to sections 302(b)(1) and 602(b)(1) of the Congres-
sional Budget Act of 1974.
(d) LIMITATIONS.—
(1) IN GENERAL.—The revisions made pursu-
ant to subsection (b) shall not be made—
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(A) with respect to direct spending reduc-
tions, unless the committee that generates the
direct spending reductions is within its alloca-
tions under sections 302(a) and 602(a) of the
Budget Act in this resolution (not including the
direct spending reductions envisioned in sub-
section (b)); and
(B) with respect to revenue increases, un-
less revenues are at or above the revenue aggre-
gates in this resolution (not including the reve-
nue increases envisioned in subsection (b)).
(2) BUDGET AUTHORITY.—The budget author-
ity adjustments made pursuant to subsection (c)
shall not exceed the amounts specified in subsection
(b)(2) for a fiscal year.
SEC. 209. HIGHWAY RESERVE FUND IN THE SENATE FOR
FISCAL YEARS 1998–2002.
(a) IN GENERAL.—In the Senate, if legislation is en-
acted which generates revenue increases or direct spending
reductions to finance spending from the Highway Trust
Fund on surface transportation and highway safety and
to the extent that such increases or reductions are not in-
cluded in this concurrent resolution on the budget, the ap-
propriate budgetary levels and limits shall be adjusted if
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section 250(c)(8) of the Balanced Budget and Emer-
gency Deficit Control Act of 1985.
(c) REVISED LEVELS.—(1) When the Committee on
Transportation and Infrastructure of the House reports
a bill (or when a conference report thereon is filed) meet-
ing the conditions set forth in subsection (b)(2), the chair-
man of the Committee on the Budget of the House shall
increase the allocation of new budget authority to that
committee by the amount of new budget authority pro-
vided in that bill (and that is above the levels set forth
in subsection (b)(2)(A)) for programs authorized out of
the highway trust fund.
(2) After the enactment of the transportation bill de-
scribed in paragraph (1) and upon the reporting of a gen-
eral, supplemental or continuing resolution making appro-
priations by the Committee on Appropriations of the
House (or upon the filing of a conference report thereon)
establishing an obligation limitation above the levels speci-
fied in subsection (b)(2)(A) (at a level sufficient to obli-
gate some or all of the budget authority specified in para-
graph (1)), the chairman of the Committee on the Budget
of the House shall increase the allocation and aggregate
levels of outlays to that committee for fiscal years 1998
and 1999 by the appropriate amount.
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(d) REVISIONS.—Allocations and aggregates revised
pursuant to this section shall be considered for purposes
of the Congressional Budget Act of 1974 as allocations
and aggregates contained in this resolution.
(e) REVERSALS.—If any legislation referred to in this
section is not enacted into law, then the chairman of the
House Committee on the Budget of the House shall, as
soon as practicable, reverse adjustments made under this
section for such legislation and have such adjustments
published in the Congressional Record.
(f) DETERMINATION OF BUDGETARY LEVELS.—For
the purposes of this section, budgetary levels shall be de-
termined on the basis of estimates made by the House
Committee on the Budget.
(g) DEFINITION.—As used in this section, the term
‘‘highway trust fund’’ refers to the following budget ac-
counts (or any successor accounts):
(1) 69–8083–0–7–401 (Federal-Aid Highways).
(2) 69–8191–0–7–401 (Mass Transit Capital
Fund).
(3) 69–8350–0–7–401 (Mass Transit Formula
Grants).
(4) 69–8016–0–7–401 (National Highway Traf-
fic Safety Administration—Operations and Re-
search).
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(5) 69–8020–0–7–401 (Highway Traffic Safety
Grants).
(6) 69–8048–0–7–401 (National Motor Carrier
Safety Program).
SEC. 211. SALE OF GOVERNMENT ASSETS.
(a) LIMITATION.—Subsections (b) through (d) of this
section shall not apply to the sale of any asset resulting
from the enactment of any reconciliation bill referred to
in section 104 or 105 of this resolution.
(b) BUDGETARY TREATMENT.—
(1) IN GENERAL.—For the purpose of this con-
current resolution on the budget and the Congres-
sional Budget Act of 1974, no amounts realized
from the sale of an asset shall be scored with respect
to the level of budget authority, outlays, or revenues
if such sale would cause an increase in the deficit as
calculated pursuant to paragraph (2).
(2) CALCULATION OF NET PRESENT VALUE.—
The deficit estimate of an asset sale shall be the net
present value of the cash flow from—
(A) proceeds from the asset sale;
(B) future receipts that would be expected
from continued ownership of the asset by the
Government; and
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(C) expected future spending by the Gov-
ernment at a level necessary to continue to op-
erate and maintain the asset to generate the re-
ceipts estimated pursuant to subparagraph (B).
(c) DEFINITION.—For purposes of this section, the
term ‘‘sale of an asset’’ shall have the same meaning as
under section 250(c)(21) of the Balanced Budget and
Emergency Deficit Control Act of 1985.
(d) TREATMENT OF LOAN ASSETS.—For the pur-
poses of this section, the sale of loan assets or the prepay-
ment of a loan shall be governed by the terms of the Fed-
eral Credit Reform Act of 1990.
(e) INTENT.—The asset sale rule may be revisited
when the Budget Enforcement Act of 1990 is extended.
SEC. 212. DETERMINATIONS OF BUDGETARY LEVELS; RE-
VERSALS.
(a) DETERMINATIONS.—In the House of Representa-
tives, for purposes of this title, budgetary levels shall be
determined on the basis of estimates made by the House
Committee on the Budget.
(b) REVERSALS.—In the House of Representatives,
if any legislation referred to in this title is not enacted
into law, then the chairman of the Committee on the
Budget shall, as soon as practicable, reverse adjustments
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made under this title for such legislation and have such
adjustments published in the Congressional Record.
(c) EFFECT OF REVISIONS.—In the House, any revi-
sions made by the chairman of the Committee on the
Budget under this title shall be considered for purposes
of the Congressional Budget Act of 1974 as the allocations
and aggregates contained in this resolution, and the chair-
man shall have such revisions published in the Congres-
sional Record.
SEC. 213. SECTIONS 302 AND 602 ALLOCATIONS.
(a) IN GENERAL.—Upon the adoption of this resolu-
tion—
(1) the chairman of the Committee of the
Budget of the House of Representatives shall make
the allocation among committees as required to be
included in the joint explanatory statement accom-
panying a budget resolution pursuant to sections
302(a)(1) and 602(a)(1) of the Congressional Budg-
et Act of 1974; and
(2) the chairman on the Committee on the
Budget of the Senate shall make the allocation
among committees as required to be included in the
joint explanatory statement accompanying a budget
resolution pursuant to sections 302(a)(2) and
602(a)(2) of the Congressional Budget Act of 1974;
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and shall have such allocations published in the Congres-
sional Record.
(b) EFFECT
OF
ALLOCATIONS.—The allocations
made under subsection (a) shall be deemed for all pur-
poses to be allocations made pursuant to sections 302(a)
and 602(a) of the Congressional Budget Act of 1974.
SEC. 214. EXERCISE OF RULEMAKING POWERS.
The Congress adopts the provisions of this title—
(1) as an exercise of the rulemaking power of
the Senate and the House of Representatives, re-
spectively, and as such they shall be considered as
part of the rules of each House, or of that House
to which they specifically apply, and such rules shall
supersede other rules only to the extent that they
are inconsistent therewith; and
(2) with full recognition of the constitutional
right of either House to change those rules (so far
as they relate to that House) at any time, in the
same manner, and to the same extent as in the case
of any other rule of that House.
TITLE III—SENSE OF THE HOUSE
OF REPRESENTATIVES
SEC. 301. SENSE OF THE HOUSE ON BASELINES.
(a) FINDINGS.—The House finds that: