[107th Congress Public Law 312]
[From the U.S. Government Publishing Office]


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[DOCID: f:publ312.107]


[[Page 116 STAT. 2456]]

Public Law 107-312
107th Congress

                                 An Act


 
          To reduce preexisting PAYGO balances, and for other 
            purposes. <<NOTE: Dec. 2, 2002 -  [H.R. 5708]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. <<NOTE: 2 USC 902 note.>> REDUCTION OF PREEXISTING PAYGO 
            BALANCES.

    Upon the enactment of this Act, the Director of the Office of 
Management and Budget shall reduce any balances of direct spending and 
receipts legislation for all fiscal years under section 252 of the 
Balanced Budget and Emergency Deficit Control Act of 1985 to zero.

    Approved December 2, 2002.

LEGISLATIVE HISTORY--H.R. 5708:
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CONGRESSIONAL RECORD, Vol. 148 (2002):
            Nov. 14, considered and passed House.
            Nov. 15, considered and passed Senate.

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