90 STAT. 382
PUBLIC LAW 94-273—APR. 21, 1976
SEC. 45. (a) Subsection (b)(1)(A) of the first section of the Act of July 25, 1956 (31 U.S.C. 701), as amended by section 503(b) of the Congressional Budget Act of 1974, is amended to read as follows: "(A) for any fiscal year or years ending on or before June 30, 1976, on that September 30 which falls in the first month of September which occurs twenty-four months after the end of such fiscal year or years for which the appropriation is available for obligation; and", (b) Subsection (b)(2)(A) of such section is amended by deleting "September 30" and inserting in lieu thereof "November 15". SEC. 46. Section 613(c) of the Foreign Assistance Act of 1961, as amended (22 U.S.C. 2363(c)) is further amended by inserting at the end thereof the following: "After submission of the reports required to reflect inventories as of December 31, 1975, inventories shall be reported as of September 30, 1976, and semiannually thereafter.". SEC. 47. Subsection (c) of section 5008 of the Internal Revenue Code of 1954 (26 U.S.C. 5008(c)) is amended by striking "fiscal year" each place it appears (including in the schedule contained in paragraph (3)(A)) and inserting in lieu thereof "computation year". SEC. 48. (a) Section 843(d) of the Education Amendments of 1974 (20 U.S.C. 241c note) is amended by striking out "June 30, 1977, and June 30, 1978," and inserting in lieu thereof "September 30, 1977, and September 30, 1978,". (b) Paragraph (2)(A)(i) of section 305(a) of the Education 20 USC 238 note. Amendments of 1974 (Public Law 93-380; 88 Stat. 533) is amended by striking out "July 1, 1978" and "July 1, 1977" and inserting in lieu thereof "October 1, 1978" and "October 1, 1977", respectively. SEC. 49. (a) Section 103(c)(2)(B) of the Elementary and Second- ' ary Education Act of 1965 (20 U.S.C. 241c(c)(2)(B)) is amended by striking out "January" wherever it appears and inserting in lieu thereof "October". (b) Section 103(c)(2)(B) is also amended by striking out "April 1 of the calendar year" and inserting in lieu thereof "January 1 of the fiscal year". (c) Section 103(c)(2)(B) is also amended by striking out "second calendar year" and by inserting in lieu thereof "calendar year". (d) Section 403(16) of the Act of September 30, 1950 (20 U.S.C. 244(16)), as added by section 101(a)(9)(K) of the Education Amendments of 1974, is amended by striking out "during the second fiscal year" and inserting in lieu thereof "during the third fiscal year" in lieu thereof. Approved April 21, 1976.
LEGISLATIVE HISTORY: HOUSE REPORT No. 94-1000 accompanying H.R. 12605 (Comm. on Government Operations). SENATE REPORT No. 94-469 (Comm. on Government Operations). CONGRESSIONAL RECORD: Vol. 121 (1975): Dec. 1, considered and passed Senate. Vol. 122 (1976): Apr. 6, considered and passed House, amended, in lieu of H.R. 12605. Apr. 8, Senate concurred in House amendment.
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