[House Document 106-199]
[From the U.S. Government Publishing Office]
106th Congress, 2d Session - - - - - - - - - - - House Document 106-199
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BUDGET PROGRAM REVISIONS FOR THE COMMODITY CREDIT CORPORATION FOR
FISCAL YEAR 2000 AND FISCAL YEAR 2001
__________
COMMUNICATION
from
THE PRESIDENT OF THE UNITED STATES
transmitting
THE BUDGET PROGRAM REVISIONS FOR THE COMMODITY CREDIT CORPORATION FOR
FY 2000 AND FY 2001
February 29, 2000.--Referred to the Committee on Appropriations and
ordered to be printed
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U.S. GOVERNMENT PRINTING OFFICE
79-012 WASHINGTON : 2000
The White House,
Washington, February 25, 2000.
The Speaker of the House of Representatives.
Sir: As required by Section 5 of the Commodity Credit
Corporation Act (15 U.S.C. 714c) and the Government Corporation
Control Act (31 U.S.C., Chapter 91), I hereby notify the
Congress of budget program revisions for the Commodity Credit
Corporation (CCC) for FY 2000 and FY 2001. The revisions,
totaling up to $845 million, would support the purchase and
donation of domestic wheat and other surplus commodities.
For FY 2000, the FY 2001 Budget estimate for CCC of $27,921
million in net outlays would be increased by $600 million, to
$28,521 million. The FY 2001 estimate of $18,975 million in net
outlays would be increased by up to $245 million, to $19,220
million.
The details of this action are set forth in the enclosed
letter from the Director of the Office of Management and
Budget. I concur with his comments and observations.
Sincerely,
William J. Clinton.
Enclosure.
[Estimate No. 5, 106th Cong. 2d Sess.]
Executive Office of the President,
Office of Management and Budget,
Washington, DC, February 25, 2000.
The President,
The White House.
Submitted for your consideration is a request for FY 2000
and FY 2001 budget revisions totaling up to $845 million for
the purchase and donation of domestic wheat and other surplus
commodities.
In accordance with Section 5 of the Commodity Credit
Corporation Act (15 U.S.C. 714c) and the Government Corporation
Control Act (31 U.S.C., Chapter 91), this request would
constitute an official revision of the budget program for the
Commodity Credit Corporation (CCC) for FY 2000 and FY 2001. For
FY 2000, the FY 2001 Budget estimate for CCC of $27,921 million
in net outlays would be increased by $600 million, to $28,521
million. OMB projects that the FY 2001 estimate of $18,975
million in net outlays would be increased by up to $245
million, to $19,220 million.
The funds will be used to implement the plan you directed
on February 10, 2000. Up to three million bushels of U.S.
wheat, wheat flour, soybeans, other soy products, rice, and
milk powder will be purchased by CCC or taken from CCC stocks
and donated overseas to relieve hunger and suffering in needy
areas of the world and to strengthen domestic crop prices. The
Secretary of Agriculture has found the commodities to be in
surplus at this time, and OMB concurs in this determination.
The current estimated funding needs of up to $845 million in
FYs 2000 and 2001 will allow the acquisition of commodities and
the ocean freight to the destination countries. The recipient
countries and allocations are being determined by the
Administration and international aid organizations.
I have carefully reviewed this proposal and am satisfied
that it is necessary at this time. Therefore, I join the
Secretary of Agriculture in recommending that you approve the
budget program revisions by signing the enclosed letter to the
Speaker of the House of Representatives.
Sincerely,
Jacob J. Lew, Director.
Enclosure.
Notification Required by the Commodity Credit Corporation and the
Government Corporation Control Act
In accordance with Section 5 of the Commodity Credit
Corporation Act (15 U.S.C. 714c) and the Government Corporation
Control Act (31 U.S.C., Chapter 91), the President has revised
the budget program for the Commodity Credit Corporation (CCC)
for FYs 2000 and 2001. For FY 2000, the FY 2001 Budget estimate
for CCC of $27,921 million in net outlays has been increased by
$600 million, to $28,521 million. The FY 2001 estimate of
$18,975 million in net outlays has been increased by up to $245
million, to $19,220 million.
The funds will be used to implement the plan the President
directed on February 10, 2000. Up to three million bushels of
U.S. wheat, wheat flour, soybeans, other soy products, rice,
and milk powder will be purchased by CCC or taken from CCC
stocks and donated overseas to relieve hunger and suffering in
needy areas of the world and to strengthen domestic crop
prices. The Secretary of Agriculture has found the commodities
to be in surplus at this time, and OMB concurs in this
determination. The current estimated funding needs of up to
$845 million in FYs 2000 and 2001 will allow the acquisition of
commodities and the ocean freight to the destination countries.