Waiver From Rescission of Unobligated Funds Under the American Recovery and Reinvestment Act of 2009, 661-662 [2013-00042]

Agencies

• Executive Office of the President

[Federal Register Volume 78, Number 3 (Friday, January 4, 2013)]
[Presidential Documents]
[Pages 661-662]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-00042]




                        Presidential Documents 



Federal Register / Vol. 78 , No. 3 / Friday, January 4, 2013 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 661]]

                Notice of December 28, 2012

                
Waiver From Rescission of Unobligated Funds Under 
                the American Recovery and Reinvestment Act of 2009

                Consistent with the authority provided to me under the 
                American Recovery and Reinvestment Act of 2009 (Public 
                Law 111-5), as amended by section 1306 of the Dodd-
                Frank Wall Street Reform and Consumer Protection Act 
                (Public Law 111-203), I have determined that it is not 
                in the best interest of the Nation to rescind after 
                December 31, 2012, the unobligated amounts made 
                available in Division A of the American Recovery and 
                Reinvestment Act with respect to the accounts with the 
                following Treasury Account Fund Symbol codes and names, 
                not to exceed the amounts stated:

                Department of Defense: 97-0501--Military Construction, 
                Defense-wide, $104 million;

                Department of Energy: 89-0209--Title 17 Innovative 
                Technology Loan Guarantee Program, $96 million;

                Social Security Administration: 28X8704--Limitation on 
                Administrative Expenses, $148 million; and

                Small Business Administration: 73-4268--Surety Bond 
                Guarantees Revolving Fund, $15 million.

                My determination is based on the following 
                consideration:

                The retention of these unobligated balances will allow 
                the executive agencies to continue to execute projects 
                vital to the national interest in a fiscally 
                responsible manner.

                Therefore, in accordance with section 1306 of Public 
                Law 111-203, I am waiving the requirements for 
                repayment for the stated amounts of unobligated funds 
                made available in the American Recovery and 
                Reinvestment Act with respect to the accounts described 
                above.

                In accordance with section 1603(b) of the American 
                Recovery and Reinvestment Act of 2009, as added by 
                section 1306 of Public Law 111-203, all amounts that 
                are rescinded pursuant to section 1603(b) shall be 
                returned to the General Fund of the Treasury where such 
                amounts shall be dedicated for the sole purpose of 
                deficit reduction and prohibited from use as an offset 
                for other spending increases or revenue reductions.

[[Page 662]]

                This notice shall be published in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, December 28, 2012.

[FR Doc. 2013-00042
Filed 1-3-13; 8:45 am]
Billing code 3295-F3