Title 31 — Money and FinanceRelease 119-73

§1103 Budget ceiling

Title 31 › Subtitle SUBTITLE II— - THE BUDGET PROCESS › Chapter CHAPTER 11— - THE BUDGET AND FISCAL, BUDGET, AND PROGRAM INFORMATION › § 1103

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 31, §1103

Money and Finance — Source: USLM XML via OLRC

Congress reaffirms its commitment that budget outlays of the United States Government for a fiscal year may be not more than the receipts of the Government for that year.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 110331:27.Oct. 10, 1978, Pub. L. 95–435, § 7, 92 Stat. 1053; restated Oct. 7, 1980, Pub. L. 96–389, § 3, 94 Stat. 1553. The word “total” is omitted as surplus. The words “for a fiscal year” are substituted for “beginning with Fiscal Year 1981” because of the restatement and to eliminate executed words. The words “for that year” are added because of the restatement.

Reference

Citations & Metadata

Citation

31 U.S.C. § 1103

Title 31 — Money and Finance

Last Updated

Apr 6, 2026

Release point: 119-73