Page:United States Statutes at Large Volume 109 Part 2.djvu/51

From Wikisource
Jump to: navigation, search
This page needs to be proofread.

CONCURRENT RESOLUTIONS--JUNE 29, 1995 109 STAT. 1023 ommendations would balance the total budget by fiscal year 2002. (4) CERTIFICATION.— If the Congressional Budget Office certifies that such legislative recommendations would balance the total budget by fiscal year 2002, the Chairman shall submit such certification in his respective House. (b) PROCEDURE IN THE SENATE.— (1) ADJUSTMENTS.—For the purposes of points of order under the Congressional Budget Act of 1974 and this concurrent resolution on wie budget, the appropriate budgetary allocations and ag^egates shall be revised to be consistent with the instructions set forth in section 105(b) for legislation that reduces revenues by providing family tax relief and incentives to stimulate savings, investment, job creation, and economic growth. (2) REVISED AGGREGATES. — Upon the reporting of legislation pursuant to section 105(b) and again upon the submission of a conference report on such legislation, the Chairman of the Committee on the Budget of the Senate shall submit appropriately revised budgetary allocations and aggregates. (3) EFFECT OF REVISED ALLOCATIONS AND AGGREGATES.— Revised allocations and aggregates submitted under paragraph (2) shall be considered for the purposes of the Congressional Budget Act of 1974 as allocations and aggregates contained in this resolution. (c) CONTINGENCIES,—This section shall not apply unless the reconciliation legislation— (1) complies with the sum of the reconciliation directives for the period of fiscal years 1996 through 2002 provided in section 105(a); and (2) would balance the total budget for fiscal year 2002 and the period of fiscal years 2002 through 2005. (d) DEFINITIONS. —For the purposes of this section, the term 'Taalance the total budget" means total outlays are less than or equal to total revenues for a fiscal year or a period of fiscal years. SEC. 206. SALE OF GOVERNMENT ASSETS. (a) SENSE OF THE CONGRESS.— It is the sense of the Congress that— (1) the prohibition on scoring asset sales has discouraged the sale of assets that can be better managed by the private sector and generate receipts to reduce the Federal budget deficit; (2) the President's fiscal year 1996 budget included $8,000,000,000 in receipts from asset sales and proposed a change in the asset sale scoring rule to allow the proceeds from these sales to be scored; (3) assets should not be sold if such sale would increase the budget deficit over the long run; and (4) the asset sale scoring prohibition should be repealed and consideration should be given to replacing it with a methodology that takes into account the long-term budgetary impact of asset sales. (b) BUDGETARY TREATMENT. —For purposes of any concurrent resolution on the budget and the Congressional Budget Act of 1974, the amounts realized from sales of assets shall be scored with respect to the level of budget authority, outlays, or revenues.