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Report Number 508

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

Report No: 508
Date: 06/30/00

  1. LAW NUMBER: P.L.106-221 (S. 291)

  2. BILL TITLE: Wellton-Mohawk Transfer Act

  3. BILL PURPOSE: Authorizes the Department of the Interior to convey title to certain aspects of the Gila Project, Arizona, to the Wellton-Mohawk Irrigation and Drainage District.

  4. OMB ESTIMATE: P.L. 106-221 provides for the fair market value exchange of designated lands within or adjacent to the project. OMB estimates that the District would pay about $2 million in 2002 for certain federally owned lands.

    5. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs................. 0 0 -2 0 0 0

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs................. 0 0 -2 0 0 0

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES: The estimates are the same.

  7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
    8. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Outlay effect.............. 34 -99 -102 -108 -108 -109
    Receipt effect............ -8 -620 -698 -746 -781 -768
    Net costs.................... 42 521 596 638 673 659

    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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