- additional new budget authority
means the amount provided for a fiscal year, in excess of $117,000,000, in an appropriation measure or conference report (as the case may be) and specified to pay for grants to States under section 506 of title 42.
- agency
has the same meaning as defined in section 551(1) of title 5, but does not include independent regulatory agencies.
- appropriation Act
means an Act referred to in section 105 of title 1.
- budget authority
means the authority provided by Federal law to incur financial obligations, as follows:
- concurrent resolution on the budget
means—
- cost
means the estimated long-term cost to the Government of a direct loan or loan guarantee or modification thereof, calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays.
- credit authority
means authority to incur direct loan obligations or to incur primary loan guarantee commitments.
- credit program account
means the budget account into which an appropriation to cover the cost of a direct loan or loan guarantee program is made and from which such cost is disbursed to the financing account.
- current
has the same meaning as in section 900(c)(9) of this title.
- deficit
means, with respect to a fiscal year, the amount by which outlays exceeds 2 receipts during that year.
- direct loan
means a disbursement of funds by the Government to a non-Federal borrower under a contract that requires the repayment of such funds with or without interest.
- direct loan obligation
means a binding agreement by a Federal agency to make a direct loan when specified conditions are fulfilled by the borrower.
- Director
means the Director of the Office of Management and Budget.
- entitlement authority
means—
- Federal intergovernmental mandate
means—
- Federal mandate
means a Federal intergovernmental mandate or a Federal private sector mandate, as defined in paragraphs (5) and (7).
- Federal private sector mandate
means any provision in legislation, statute, or regulation that—
- financing account
means the non-budget account or accounts associated with each credit program account which holds balances, receives the cost payment from the credit program account, and also includes all other cash flows to and from the Government resulting from direct loan obligations or loan guarantee commitments made on or after October 1, 1991.
- government-sponsored enterprise
means a corporate entity created by a law of the United States that—
- liquidating account
means the budget account that includes all cash flows to and from the Government resulting from direct loan obligations or loan guarantee commitments made prior to October 1, 1991.
- loan guarantee
means any guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions.
- loan guarantee commitment
means a binding agreement by a Federal agency to make a loan guarantee when specified conditions are fulfilled by the borrower, the lender, or any other party to the guarantee agreement.
- local government
has the same meaning as defined in section 6501(6) of title 31.
- modification
means any Government action that alters the estimated cost of an outstanding direct loan (or direct loan obligation) or an outstanding loan guarantee (or loan guarantee commitment) from the current estimate of cash flows.
- new budget authority
means, with respect to a fiscal year— and includes a change in the estimated level of new budget authority provided in indefinite amounts by existing law.
- private sector
means all persons or entities in the United States, including individuals, partnerships, associations, corporations, and educational and nonprofit institutions, but shall not include State, local, or tribal governments.
- small government
means any small governmental jurisdictions defined in section 601(5) of title 5 and any tribal government.
- State
has the same meaning as defined in section 6501(9) of title 31.
- surplus
means, with respect to a fiscal year, the amount by which receipts exceeds 2 outlays during that year.
- tax expenditures
means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability;
- tax expenditures budget
means an enumeration of such tax expenditures.
- tribal government
means any Indian tribe, band, nation, or other organized group or community, including any Alaska Native village or regional or village corporation as defined in or established pursuant to the Alaska Native Claims Settlement Act (85 Stat. 688;