Definitions for "Budget Act"
The Budget Bill after it has been enacted into law.
The annual statute, enacted by the Legislature and signed by the Governor, which makes appropriations for the support of California's government and for other public purposes. The Legislature normally amends, increases, and decreases the Budget Bill. The Budget Bill becomes a Budget Act after the bill is passed by both houses of the Legislature and signed by the Governor. The Governor can veto items in the Budget Bill or decrease the revenue, but not increase, prior to his signature. The Budget Act in conjunction with documents identifying all approved changes becomes the Final Budget.
Refers to the 1974 Congressional Budget Act, which created the congressional budget process. It also created the Congressional Budget Office (CBO) and the House and Senate Budget Committees. The 1974 Budget Act requires that Congress pass an annual budget resolution prior to enacting any appropriations bills.