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7342150
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Letter from the President to Congress
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7342150
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document
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Letter from the President to Congress
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White House Press Releases (Ford Administration)
Press Releases
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7342150
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6
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1976-01-06
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1976
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Digitized from Box 19 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
January 6, 1976
Office of the White House Press Secretary
THE WHITE HOUSE
TO THE CONGRESS OF THE UNITED STATES:
In accordance with the Impoundment Control Act of 1974,
I herewith propose rescission of the uncommitted balances
of the Rehabilitation Loan Fund administered by the Department
of Housing and Urban Development. In addition, I am reporting
nine new deferrals totalling $669.8 million in budget authority
and eleven changes to deferrals previously transmitted that
increase the amount deferred by $17.3 million.
The activities financed by the Rehabilitation Loan Fund
are also eligible for support under the Community Development
Block Grant Program. Experience has now shown that block
grant recipients are using -- as was the intent of the Housing
and Community Development Act of 1974 -- their grants to support
rehabilitation activities. Approval of this rescission,
therefore, will result in expenditure savings of $18.4 million
this year and $34.0 million in the transition quarter and
1977 without adverse effect on the availability of housing
rehabilitation assistance.
Seven of the nine new deferrals are routine in nature and
affect programs of the Departments of Defense, State, and
Transportation and the Interstate Commerce Commission.
The remaining two new deferrals and all eleven revised
deferrals are for programs of the Department of Health,
Education, and Welfare. The new deferrals establish and the
revised deferrals extend through the third quarter funding
levels that differ from the general levels allowed by the
continuing resolution. In SO doing, these deferrals preserve --
until enactment of the regular appropriations -- the possibility
of conducting the reported programs in 1976 at the levels
I have recommended and, in four cases, at the level the
Congress has recommended.
The details of the proposed rescission and the deferrals
are contained in the attached reports.
GERALD R. FORD
THE WHITE HOUSE,
January 6, 1976
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