### Question
How does the law define composite outlay rate?


### Answer
Under *2 U.S.C. § 900*, **composite outlay rate** is defined as:

> the percent of new budget authority that is converted to outlays in the fiscal year for which the budget authority is provided and subsequent fiscal years, as follows:


(A) For the international category, 46 percent for the first year, 20 percent for the second year, 16 percent for the third year, and 8 percent for the fourth year

#### Citation:
  - *2 U.S.C. § 900*
  - Heading: **CHAPTER 20-EMERGENCY POWERS TO ELIMINATE BUDGET DEFICITS > SUBCHAPTER I-ELIMINATION OF DEFICITS IN EXCESS OF MAXIMUM DEFICIT AMOUNT**

