Report No: 534
Date: 12/07/2000

OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS

1. LAW NUMBER: P.L.106-424 (S. 2412)
2. BILL TITLE: National Transportation Safety Board Amendments Act
3. BILL PURPOSE: Authorizes appropriations for the National Transportation Safety Board (NTSB) and makes numerous changes to NTSB-related provisions.
4. OMB ESTIMATE: Under previous law, the Federal Aviation Administration (FAA) could spend collections from the sale of aeronautical charts only to the extent provided by appropriations action. P.L. 106-424 allows the FAA to spend these collections without further appropriation action. OMB estimates that this change will increase direct spending by $85 million over 5 years.

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs...............	0	17	17	17	17	17

5. CBO ESTIMATE:

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs...............	0	12	12	12	13	13

6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

The difference between OMB and CBO estimates is the result of different baseline assumptions.

7. 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	1,389	2,461	7,091	7,824	8,019
Receipt effect............	-8	-689	-808	-870	-922	-924
Net costs....................	42	2,078	3,269	7,961	8,746	8,943

*$500,000 or less.

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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