An amendment numbered 1 printed in House Report 112-446 to include a guarantee that requires that the total amount available for spending from the Harbor Maintenance Trust Fund (HMTF) each fiscal year be equal to the Trust Fund receipts as estimated by the President's budget for that year.

1. Adds TITLE IV--HARBOR MAINTENANCE PROGRAMS at the end of the bill

   Adds a title

   Inserted: TITLE IV--HARBOR MAINTENANCE PROGRAMS

   Inserted: SEC. 401. FUNDING FOR HARBOR MAINTENANCE PROGRAMS.

   Inserted: (a) Harbor Maintenance Trust Fund Guarantee.--

   Inserted: (1) In general.--The total budget resources for a fiscal year shall be equal to the level of receipts for harbor maintenance for that fiscal year. Such amounts shall be used only for harbor maintenance programs.

   Inserted: (2) Guarantee.--No funds may be appropriated for harbor maintenance programs unless the amount under paragraph (1) has been provided for all such programs.

   Inserted: (b) Definitions.--In this section, the following definitions apply:

   Inserted: (1) Harbor maintenance programs.--The term "harbor maintenance programs" means expenditures under section 9505(c)(1) of the Internal Revenue Code of 1986 (relating to expenditures from the Harbor Maintenance Trust Fund).

   Inserted: (2) Level of receipts for harbor maintenance.--The term "level of receipts for harbor maintenance" means the level of taxes credited to the Harbor Maintenance Trust Fund under section 9505(a)(1) of the Internal Revenue Code of 1986 for a fiscal year as set forth in the President's budget baseline projection as defined in section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99 177) for that fiscal year submitted pursuant to section 1105 of title 31, United States Code, reduced by the amount requested in such President's budget for payments described in section 9505(c)(3) of the Internal Revenue Code of 1986.

   Inserted: (3) Total budget resources.--The term "total budget resources" means the total amount made available by appropriations Acts from the Harbor Maintenance Trust Fund for a fiscal year for making expenditures under section 9505(c)(1) of the Internal Revenue Code of 1986.

   Original wording

   At the end of the bill, add the following (and conform the table of contents of the bill accordingly):

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As printed