This is historical material, "frozen in time."
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This is historical material, "frozen in time."
The web site is no longer updated and links to external web sites and some internal pages will not work.
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.
