Source: https://budgetcounsel.com/laws-and-rules/congressional-budget-act-of-1974-2/%C2%A7103-sec-3-definitions/
Timestamp: 2019-04-22 16:29:06+00:00

Document:
(1) The terms “budget outlays” and “outlays” mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year.
(iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority.
(B) Limitations on budget authority.—With respect to the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the railroad retirement account, any amount that is precluded from obligation in a fiscal year by a provision of law (such as a limitation or a benefit formula) shall not be budget authority in that year.
and includes a change in the estimated level of new budget authority provided in indefinite amounts by existing law.
(3) The term “tax expenditures” means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability, and the term “tax expenditures budget” means an enumeration of such tax expenditures.
(B) any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 304.
(5) The term “appropriation Act” means an Act referred to in section 105 of title 1, United States Code.
(6) The term “deficit” means, with respect to a fiscal year, the amount by which outlays exceeds receipts during that year.
(7) The term “surplus” means, with respect to a fiscal year, the amount by which receipts exceeds outlays during that year.
(iii) has employees whose salaries and expenses are paid by the enterprise and are not Federal employees subject to title 5 of the United States Code.
(B) the food stamp program.
(10) The term “credit authority” means authority to incur direct loan obligations or to incur primary loan guarantee commitments.
(11) The terms “emergency” and “unanticipated” have the meanings given to such terms in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985.
This section has been classified to the U.S. Code at 2 U.S.C. 622.
The conference agreement contains the House provision clarifying the definition of budget authority by specifically including the authority to collect offsetting receipts. Offsetting receipts are amount deposited in receipt accounts. These amounts generally are deducted from budget authority by function and by agency. This provision would not change that scorekeeping practice. A reduction in offsetting receipts increases budget authority. Under the new definition, legislation that decreases offsetting receipts will be treated as legislation providing budget authority. The new definition does not affect the treatment of offsetting collections credited to an account, such as TVA power proceeds.
U.S. Congress, Joint Explanatory Statement of the Committee of Conference on the Balanced Budget and Emergency Deficit Control Act of 1985, House Ways and Means Committee, H. Rept. 99-433, 99th Congress, 1st sess., December 10, 1985.
The style and title of all Acts making appropriations for the support of Government shall be as follows: “An Act making appropriations (here insert the object) for the year ending September 30 (here insert the calendar year).
(b) Joint Committee on Atomic Energy.—For purposes of titles II, III, and IV of this Act, the Members of the House of Representatives who are members of the Joint Committee on Atomic Energy shall be treated as a standing committee of the House, and the Members of the Senate who are members of the Joint Committee shall be treated as a standing committee of the Senate.
Section 3, as enacted by the Congressional Budget Act of 1974 (Pub. L. 97-344).
Section 3 (BPLA), as set out in the Budget Process Law Annotated (1993).
Pub. L. 93–344, §3, July 12, 1974, 88 Stat. 299. The Congressional Budget and Impoundment Control Act of 1974 (CBA) enacted this section into law.
Pub. L. 95–110, §1, Sept. 20, 1977, 91 Stat. 884. “An Act to abolish the Joint Committee on Atomic Energy” repealed a clarification as to the status of its Membership for purposes of the CBA..
Pub. L. 99–177, title II, §§201(a), 232(b), Dec. 12, 1985, 99 Stat. 1039, 1062 (Balanced Budget and Emergency Deficit Control Act of 1985).
Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 (Tax Reform Act of 1986).
Pub. L. 100–119, title I, §106(a), Sept. 29, 1987, 101 Stat. 780 (Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987).
Pub. L. 100–203, title VIII, §8003(c), Dec. 22, 1987, 101 Stat. 1330–282 (Omnibus Budget Reconciliation Act of 1987).
Pub. L. 101–508, title XIII, §§13112(a)(2), 13201(b)(1), 13211(a), Nov. 5, 1990, 104 Stat. 1388–607, 1388-614, 1388-620 (Budget Enforcement Act of 1990).
Pub. L. 105–33, title X, §10101, Aug. 5, 1997, 111 Stat. 678 (Budget Enforcement Act of 1997).
Pub. L. 112–25, title I, §105(b), Aug. 2, 2011, 125 Stat. 247. The Budget Control Act of 2011 added the definition of “emergency” to the end of the section.
Enacted provisions set out as notes under sections 190a–1, 621, 632, and 682 of this title, section 105 of Title 1, and section 1020 of former Title 31.
This section is currently codified at 2 U.S.C. 622. It was formerly classified to section 1302 of Title 31. In 1982, Congress enacted the Title 31 Revision and Codification Law of 1982 (colloquial reference) that generally concentrated finance oriented provisions in title 31, without substantive revision. The Act was a revision, codification and enactment of Title 31, Money and Finance (Pub. L. 97–258, §1, Sept. 13, 1982, 96 Stat. 877).
Pub. L. 112–25 (Budget Control Act of 2011) added paragraph (11).
“The term ‘budget authority’ means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government.
The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by title V, which is the title of the Congressional Budget Act known as the Federal Credit Reform Act of 1990.
See below: Note on Drafting Error.
Pub. L. 101–508, §13112(a)(2) added paragraphs (6) to (8) and struck out former paragraph (6) which defined “deficit” and contained provisions relating to calculation of the deficit, former paragraph (7) which defined “maximum deficit amount”, and former paragraph (8) which defined “off-budget Federal entity”.
Pub. L. 100–203, §8003(c)(1), and (2) redesignated subparagraph (D) as (C). Former subparagraph (C), which provided for maximum deficit amount of $108,000,000,000 for fiscal year beginning Oct. 1, 1987, was struck out.
Pub. L. 100–203, §8003(c)(2)–(7) redesignated subparagraphs (E) to (I) as (D) to (H), respectively. Former subparagraph (D) redesignated (C).
Pub. L. 99–514 (Tax Reform Act of 1986); sections 2 and 3 of the Act substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954” generally. This applies to paragraph 6, as amended.
Pub. L. 99–177, §201(a)(2) of BBEDCA inserted reference to the collection of offsetting receipts, effective Apr. 15, 1986.
Pub. L. 99–177, §232(b) of BBEDCA struck out subparagraph (B) relating to concurrent resolutions as provided in section 641 of this title, and redesignated subparagraph (C) as (B).
Pub. L. 99–177, §201(a)(1) of BBEDCA added pars. (6) to (10).
Pub. L. 95–110 (Joint Atomic Committee Abolition Act) amended the Atomic Energy Act of 1954 (Pub. L. 83-703) by abolishing the Congressional “Joint Committee on Atomic Energy”. In doing so, that Act reorganized section 3. It struck out the designation “(a)” before “For the purpose of this chapter” and struck out subsection (b) which had provided that Members of the respective Houses of Congress who were members of the Joint Committee on Atomic Energy were to be treated as standing committees of their respective Houses of Congress.
Amendment by sections 201(a)(1) and 232(b) of Pub. L. 99–177 effective Dec. 12, 1985, and applicable with respect to fiscal years beginning after Sept. 30, 1985, and amendment by section 201(a)(2) of Pub. L. 99–177 effective Apr. 15, 1986, see section 275(a)(1), (2)(A) of Pub. L. 99–177, as amended, formerly set out as an Effective and Termination Dates note under section 900 of this title prior to repeal by Pub. L. 112–25, title I, §104(a), Aug. 2, 2011, 125 Stat. 246.
(1) Definitions.—Section 3(2) of the Congressional Budget Act of 1974 is amended by adding at the end the following: “The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by title V”.

References: §3
 §1
 §2
 §106
 §8003
 §10101
 §105
 §1
 §13112
 §8003
 §8003
 §201
 §232
 §201
 §104