[Federal Register Volume 63, Number 140 (Wednesday, July 22, 1998)] [Notices] [Pages 39298-39302] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-19430] ======================================================================= ----------------------------------------------------------------------- OFFICE OF MANAGEMENT AND BUDGET Cumulative Report on Rescissions and Deferrals July 1, 1998. This report is submitted in fulfillment of the requirement of Section 1014(e) of the Congressional Budget and Impoundment Control Act of 1974 (Public Law 93-344). Section 1014(e) requires a monthly report listing all budget authority for the current fiscal year for which, as of the first day of the month, a special message had been transmitted to Congress. This report gives the status, as of July 1, 1998, of 24 rescission proposals and eight deferrals contained in two special messages for FY 1998. These messages were transmitted to Congress on February 3 and February 20, 1998. Rescissions (Attachments A and C) As of July 1, 1998, 24 rescission proposals totaling $20 million had been transmitted to the Congress. Congress approved 21 of the Administration's rescission proposals in P.L. 105-174. A total of $17.3 million of the rescissions proposed by the President was rescinded by that measure. Attachment C shows the status of the FY 1998 rescission proposals. Deferrals (Attachments B and D) As of July 1, 1998, $2,452 million in budget authority was being deferred from obligation. Attachment D shows the status of each deferral reported during FY 1998. Information From Special Messages The special messages containing information on the rescission proposals and deferrals that are covered by this cumulative report are printed in the editions of the Federal Register cited below: 63 FR 7004, Wednesday, February 11, 1998 63 FR 10076, Friday, February 27, 1998 Jacob J. Lew, Acting Director. [[Page 39299]] Attachment A--Status of FY 1998 Rescissions [In millions of dollars] ------------------------------------------------------------------------ Budgetary resources ------------------------------------------------------------------------ Rescissions proposed by the President....................... 20.1 Rejected by the Congress.................................... .......... Amounts rescinded by P.L. 105-174, the FY 1998 Supplemental Appropriations and Rescissions Act......................... -17.3 ----------- Currently before the Congress............................... 2.8 ------------------------------------------------------------------------ Attachment B--Status of FY 1998 Deferrals [In millions of dollars] ------------------------------------------------------------------------ Budgetary resources ------------------------------------------------------------------------ Deferrals proposed by the President......................... 4,833.0 Routine Executive releases through July 1, 1998 (OMB/Agency releases of $2,381.6 million, partially offset by cumulative positive adjustment of $0.3 million)............ -2,381.3 Overturned by the Congress.................................. .......... ----------- Currently before the Congress............................... 2,451.7 ------------------------------------------------------------------------ BILLING CODE 3110-01-U [[Page 39300]] [GRAPHIC] [TIFF OMITTED] TN22JY98.002 [[Page 39301]] [GRAPHIC] [TIFF OMITTED] TN22JY98.003 [[Page 39302]] [GRAPHIC] [TIFF OMITTED] TN22JY98.004 [FR Doc. 98-19430 Filed 7-21-98; 8:45 am] BILLING CODE 3110-01-C