OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 511
Date: 08/04/00
- LAW NUMBER: P.L.106-249 (S. 986)
- BILL TITLE: Griffith Project Prepayment and Conveyance Act
- BILL PURPOSE: Directs the Secretary of the Interior to convey title to the Robert B.
Griffith Water Project in Nevada to the Southern Nevada Water Authority (SNWA).
- OMB ESTIMATE: P.L. 106-249 authorizes the Secretary of the Interior to convey the
Robert B. Griffin Water Project to the SNWA, in return for prepayment of the
Authority's outstanding obligation under the existing repayment contract. OMB
estimates that this would increase net receipts by $103 million in FY 2001 and increase
net outlays by the amount of repayments that would otherwise be collected in subsequent
years.
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs................. |
0 |
-103 |
9 |
9 |
9 |
9 |
- CBO ESTIMATE:
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs................. |
0 |
-103 |
9 |
9 |
9 |
9 |
- EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES: OMB
and CBO have the same estimates.
- 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 |
537 |
1,315 |
1,381 |
1,466 |
1,533 |
| Receipt effect............ |
-8 |
-620 |
-698 |
-746 |
-781 |
-768 |
| Net costs.................... |
42 |
1,157 |
2,013 |
2,127 |
2,247 |
2,301 |
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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