Title 2 — The Congress
Chapter 17A — Congressional Budget and Fiscal Operations
§ 661. Purposes
Statutory text
The purposes of this subchapter are to—
measure more accurately the costs of Federal credit programs;
place the cost of credit programs on a budgetary basis equivalent to other Federal spending;
encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries; and
improve the allocation of resources among credit programs and between credit and other spending programs.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 93–344 title V § 501 · 88 Stat. 297
Enacted · 2 U.S.C. § 661
(Pub. L. 93–344, title V, § 501, as added Pub. L. 101–508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388–610.)
Source evidence
Code source credit
(Pub. L. 93–344, title V, § 501, as added Pub. L. 101–508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388–610.)Enacted provision · exact public law section
Sec. 501. Section 237 of the Revised Statutes (31 U.S.C. 1020) is amended to read as follows: “Sec. 237. (a) The fiscal year of the Treasury of the United States, in all matters of accounts, receipts, expenditures, estimates, and appropriations— “(1) shall, through June 30, 1976, commence on July 1 of each year and end on June 30 of the following year; and “(2) shall, beginning on October 1, 1976, commence on October 1 of each year and end on September 30 of the following year. “(b) All accounts of receipts and expenditures required by law to Accounts, annual publication. be published annually shall be prepared and published for each fiscal year as established by subsection (a).”
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 661, Pub. L. 93–344, title VI, § 606, , 88 Stat. 325, directed that Budget Committees of House and Senate study, on a continuing basis, any provisions of law which exempt agencies or programs from inclusion in the budget and make recommendations from time to time with regard to terminating or modifying such provisions, prior to repeal by Pub. L. 99–177, title II, §§ 223, 275(a)(1), , 99 Stat. 1060, 1100, effective , and applicable with respect to fiscal years beginning after .
A prior section 501 of Pub. L. 93–344, title V, , 88 Stat. 321, was classified to section 1020 of former Title 31, prior to repeal and reenactment as section 1102 of Title 31, Money and Finance, by Pub. L. 97–258, § 5(b), , 96 Stat. 1068, the first section of which enacted Title 31.
Statutory Notes and Related Subsidiaries
Short Title
For short title of title V of Pub. L. 93–344, which enacted this subchapter, as the “Federal Credit Reform Act of 1990”, see section 500 of Pub. L. 93–344, set out as a note under section 621 of this title.
Credits
(Pub. L. 93–344, title V, § 501, as added Pub. L. 101–508, title XIII, § 13201(a), , 104 Stat. 1388–610.)