Pub. L. 90-218, tit. II, sec. 202

Sec. 202. (a) During the fiscal year 1968, no department or agency of the Executive Branch of the Government shall incur obligations in excess of the lesser of— (1) the aggregate amount available to each such department or agency as obligational authority in the fiscal year 1968 through appropriation acts or other laws, or (2) an amount determined by reducing the aggregate budget estimate of obligations for such department or agency in the fiscal year 1968 by— (i) 2 percent of the amount included in such estimate for personnel compensation and benefits, plus 81 Stat. 663 (ii) 10 percent of the amount included in such estimate for objects other than personnel compensation and benefits. (b) As used in this section, the terms “obligational authority” and “budget estimate of obligations” include authority derived from, and estimates of reservations to be made and obligations to be incurred pursuant to, appropriations and authority to enter into contracts in advance of appropriations. (c) The references in this section to budget estimates of obligations are to such estimates as contained in the Budget Appendix tor the fiscal year 1968 (House Document No. 16, 90th Congress, 1st Session), as amended during the first session of the 90th Congress.