2 U.S.C. § 661 | Purposes

The purposes of this subchapter are to—

(1)

measure more accurately the costs of Federal credit programs;

(2)

place the cost of credit programs on a budgetary basis equivalent to other Federal spending;

(3)

encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries; and

(4)

improve the allocation of resources among credit programs and between credit and other spending programs.

Pub. L. 93–344, title V, § 501 Pub. L. 101–508, title XIII, § 13201(a)Nov. 5, 1990104 Stat. 1388–610(, as added , , .)

Editorial Notes

Prior Provisions

Pub. L. 93–344, title VI, § 606July 12, 197488 Stat. 325 Pub. L. 99–177, title IIDec. 12, 198599 Stat. 1060Dec. 12, 1985Sept. 30, 1985A prior section 661, , , , directed that Budget Committees of House and Senate study, on a continuing basis, any provisions of law which exempt agencies or programs from inclusion in the budget and make recommendations from time to time with regard to terminating or modifying such provisions, prior to repeal by , §§ 223, 275(a)(1), , , 1100, effective , and applicable with respect to fiscal years beginning after .

section 501 of Pub. L. 93–344July 12, 197488 Stat. 321 section 1102 of Title 31 Pub. L. 97–258, § 5(b)Sept. 13, 198296 Stat. 1068A prior , title V, , , was classified to section 1020 of former Title 31, prior to repeal and reenactment as , Money and Finance, by , , , the first section of which enacted Title 31.

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 93–344 section 500 of Pub. L. 93–344 section 621 of this titleFor short title of title V of , which enacted this subchapter, as the “Federal Credit Reform Act of 1990”, see , set out as a note under .