Cyclopedia of Congressional Budget Law

Liquidating Account


A liquidating account is a term used in the Federal Credit Reform Act of 1990 (which is title V  of the Congressional Budget Act of 1974). It is defined in section 502(8) of that Act.

Federal Credit Reform Act of 1990

Liquidating Account

sec. 502. definitions.

For purposes of this title—

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(8) The term “liquidating account” means the budget account that includes all cash flows to and from the Government resulting from direct loan obligations or loan guarantee commitments made prior to October 1, 1991. These accounts shall be shown in the budget on a cash basis.


Line Item Veto


Liquidating Appropriation