Omnibus Consolidated Appropriations Act, 1997/Division A/Title IV

TITLE IV — ADJUSTMENT OF PAYGO BALANCES

Sec. 4001. Adjustment of PayGo Balances.

For purposes of section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985, on the calendar day after the Director of the Office of Management and Budget issues the final sequestration report for fiscal year 1997, the Director and the Director of the Congressional Budget Office shall change the balances (as computed pursuant to section 252(b) of that Act) of direct spending and receipts legislation—

(1) for fiscal year 1997 to zero if such balance for the fiscal year is not an increase in the deficit.