A bill to improve budgetary information by requiring that the unified budget presented by the President contain an operating budget and a capital budget, and for other purposes.
Federal Capital Budget Act of 1987 - Requires the budget submitted by the President to be a unified budget composed of a separate capital budget (representing only the major activities, projects, and programs which support the acquisition, construction, and rehabilitation of capital assets) and a separate operating budget (representing all other activities, projects, and programs). Sets forth informational requirements with respect to the unified budget.
Requires the Comptroller General to review implementation of this Act and to report to the Congress on the appropriateness of the $500,000 threshold for classifying items under the capital budget section of the unified budget.
Introduced in Senate
Read twice and referred to the Committee on Governmental Affairs.
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