Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Pay-As-You-Go Requirement for FY2001: A Procedural Assessment (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (13 pages)
add to cart or subscribe for unlimited access
Release Date Aug. 31, 2001
Report Number RL30706
Report Type Report
Authors Robert Keith, Government and Finance Division
Source Agency Congressional Research Service
Summary:

The enactment of the Consolidated Appropriations Act for FY2001 and other measures involving direct spending and revenues incurred a net cost for FY2001 of $10.542 billion, A PAYGO sequester was avoided, however, because Section 2(b) of the Consolidated Appropriations Act instructed the OMB director to reset the PAYGO balance for FY2001 to zero.