A concurrent resolution on the budget is a formal statement made by Congress that outlines the federal budget for a specific fiscal year. This resolution sets spending priorities and revenue levels but does not have the force of law. It is used to express the collective will of both chambers of Congress regarding budgetary matters and can also revise existing budget resolutions.
Concurrent resolutions on the budget play a crucial role in the legislative process. They are primarily used in the context of federal budgeting and appropriations. These resolutions guide the allocation of government funds and can influence various legal areas, including fiscal policy and public finance. Users can manage their budget-related issues by utilizing legal templates provided by US Legal Forms, which are drafted by experienced attorneys.
Here are a couple of examples of abatement:
For instance, if Congress passes a concurrent resolution on the budget for the fiscal year 2024, it will outline how much money is allocated to various departments, such as education and defense. This resolution may also adjust previous budgetary allocations based on current economic conditions. (hypothetical example)
The primary legal reference for concurrent resolutions on the budget is found in Title 2 of the United States Code, Section 622. This statute defines the purpose and scope of concurrent resolutions in the context of federal budgeting.
If you are involved in budget planning or financial management that relates to federal funding, it is essential to understand how concurrent resolutions may impact your work. Consider using US Legal Forms to access budget-related templates that can assist you in preparing necessary documents. If your situation is complex, consulting a legal professional may be beneficial.
Browse our library of 85,000+ state-specific legal templates.
| Attribute | Details |
|---|---|
| Jurisdiction | Federal Government |
| Approval Requirement | Both Houses of Congress |
| Legal Force | Non-binding |
| Frequency | Annually, for each fiscal year |
Its purpose is to set forth the congressional budget for the federal government, guiding spending and revenue decisions.