§932 Definitions and Applications

Summary

Defines key words and says which older definitions apply. The definitions in section 622 of this title and in section 250 of BBEDCA (2 U.S.C. 900) apply here unless this list changes them. BBEDCA means the Balanced Budget and Emergency Deficit Control Act of 1985. “Outyear” means any fiscal year one or more years after the budget year. In section 250(c)(8)(C), the “food stamp program” is treated as the Supplemental Nutrition Assistance Program. AMT means the Alternative Minimum Tax for individuals under sections 55–59 of title 26. EGTRRA means the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107–16). JGTRRA means the Jobs and Growth Tax Relief and Reconciliation Act of 2003 (Public Law 108–27). “Budgetary effects” are the changes in direct spending outlays or revenues compared to the baseline, measured using estimates under section 933 of this title. If outlays rise or revenues fall, those are “costs.” If revenues rise or outlays fall, those are “savings.” Budgetary effects do not include debt service costs and do not count off-budget effects. For PAYGO scorecards, some appropriation Act provisions that change entitlement or other mandatory law in later years are treated as budgetary effects unless their outlay effects net to zero over the period made up of the current year, the budget year, and the 4 subsequent years. Provisions in appropriation Acts that are not outyear changes to substantive law and do not change revenues have no budgetary effects. “Debit” is the positive amount by which costs exceed savings on the PAYGO scorecards for a fiscal year. “Entitlement law” means a section of law that gives entitlement authority. “PAYGO legislation” or a “PAYGO Act” is any bill or joint resolution that changes direct spending or revenues versus the baseline, and the specified appropriation Act items are treated the same. A “timing shift” means delaying outlays from the ninth outyear to the tenth outyear or speeding revenues from the tenth outyear to the ninth outyear.