         | Report No: 529
Date: 11/27/2000
OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
- LAW NUMBER: P.L.106-393 (H.R. 2389)
- BILL TITLE: Secure Rural Schools and Community
Self-Determination Act of 2000
- BILL PURPOSE: (1) Allows eligible States and counties
to elect to receive a Federal payment,
rather than a share of revenues generated from Federal lands, to fund schools and roads; (2)
prohibits the reduction of the States' share of on-shore mineral royalties to offset Federal
administrative costs; and (3) authorizes a community forest restoration project in the State of
New Mexico.
- OMB ESTIMATE: P.L. 106-393 allows States and counties to elect to receive a fixed Federal
payment, in lieu of a share of revenues generated from Federal lands, through FY 2006. OMB
estimates that the new fixed payments will increase payments to States and counties by $919
million over the 2001-2005 period. The law also prohibits the Federal Government from
deducting administrative costs from the States' share of on-shore leasing royalties. OMB
estimates that the royalty payments to States will increase by $111 million over the five-year
period.
|
(Fiscal years; in millions of
dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs............... |
0 |
21 |
242 |
258 |
251 |
258 |
- CBO ESTIMATE:
|
(Fiscal years; in millions of dollars) |
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net costs............... |
0 |
21 |
256 |
270 |
277 |
282 |
- EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
The difference between OMB and CBO estimates is the result of CBO's lower baseline
estimates of payments to States and counties.
- 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 |
789 |
1,434 |
1,568 |
2,089 |
2,043 |
| Receipt effect............ |
-8 |
-620 |
-699 |
-747 |
-786 |
-775 |
| Net costs.................... |
42 |
1,409 |
2,133 |
2,315 |
2,875 |
2,818 |
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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