         | Report No: 539
Date: 12/07/2000
OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
- LAW NUMBER: P.L.106-472 (H.R. 4788)
- BILL TITLE: Grain Standards and Warehouse Improvement Act
- BILL PURPOSE: (1) Provides for
the collection of grain inspection and weighing fees;
(2) improves the delivery of grain inspection and weighing services; (3) modernizes
the
regulation, inspection, and licensing of warehouses that store and handle agricultural
commodities; and (4) provides for the issuance of receipts, including electronic receipts,
for agricultural commodities.
- OMB ESTIMATE: P.L. 106-458 makes a technical correction in section 259 of the
Agricultural Risk Protection Act of 2000 that authorizes the Secretary of Agriculture to
use the Commodity Credit Corporation (CCC) funds to carry out the section. Section 259
restored eligibility for crop loss payments to producers who had a change of farm
ownership structure during the past five years. OMB estimates that the CCC outlays will
increase by $50 million in FY 2001 as a result.
|
(Fiscal years; in millions of
dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs............... |
0 |
50 |
0 |
0 |
0 |
0 |
- CBO ESTIMATE:
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs............... |
0 |
1 |
0 |
0 |
0 |
0 |
- EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
CBO scored the costs of restored eligibility for crop loss payments to the Agricultural
Risk Protection Act. The only cost CBO is scoring to P.L. 106-458 is for the costs of an
agricultural referendum, which OMB estimates to be insignificant.
- CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION
ENACTED TO DATE:
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Outlay effect.............. |
34 |
1,442 |
2,470 |
7,109 |
7,841 |
8,035 |
| Receipt effect............ |
-8 |
-689 |
-794 |
-856 |
-908 |
-910 |
| Net costs.................... |
42 |
2,131 |
3,264 |
7,965 |
8,749 |
8,945 |
NOTE: The cumulative effect of direct
spending and revenue legislation enacted to date is
currently estimated to result in an end-of-session sequester. The Administration looks forward to
working with the Congress to ensure that an unintended sequester does not occur.
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