MARCH 2, 1999
-- OMB has oversight responsibilities to ensure that agencies have sufficient resources to address year 2000 computer problems and that emergency funding is allocated to address emerging needs. The law permits emergency funds to be allocated for activities included in the FY 1999 budget that were not funded that year in the appropriations process, and for critical requirements that have been identified since the FY 1999 Budget was transmitted. As such, OMB must coordinate with agencies to determine that each agency has first used other potential funding sources and that agency requests demonstrate reliable, cost-effective conversion strategies;
-- OMB is required to provide an expanded report on the costs and benefits of Federal regulation; and
-- OMB must prepare an annual report describing the total Federal expenditure of all official international travel during the previous fiscal year and the number of individuals in each agency who engaged in such travel. The report is submitted by the President to Congress.
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