Number: RS21038
Title: Reserve Funds in the FY2002 Budget Resolution
Authors: Bill Heniff, Jr., Government and Finance Division 
Abstract: The FY2002 budget resolution included nine reserve funds. Six apply to both chambers; one applies only in the Senate; and two apply only in the House. Unlike most reserve funds in the past, the FY2002 reserve funds do not require that any spending increases be offset with other spending reductions, revenue increases, or a combination of the two. Instead, with the exception of the Medicare reform reserve fund, the FY2002 reserve funds require that the cost of any applicable legislation, when combined with previously enacted legislation, not reduce the on-budget surplus below the amount of the Medicare Hospital Insurance Trust Fund surplus in any given year through FY2011.
Pages: 6
Date: Updated October 4, 2001