Number: RL30706
Title: Pay-As-You-Go Requirement for FY2001: A Procedural Assessment
Authors: Robert Keith, Government and Finance Division 
Abstract: The enactment of the Consolidated Appropriations Act for FY2001 and other measures involving direct spending and revenues incurred a net cost for FY2001 of $10.542 billion, A PAYGO sequester was avoided, however, because Section 2(b) of the Consolidated Appropriations Act instructed the OMB director to reset the PAYGO balance for FY2001 to zero.
Pages: 10
Date: Updated August 31, 2001