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The web site is no longer updated and links to external web sites and some internal pages will not work.
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The web site is no longer updated and links to external web sites and some internal pages will not work.
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The web site is no longer updated and links to external web sites and some internal pages will not work.
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OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
LAW NUMBER: P.L.106-375 (H.R. 4259)
BILL TITLE: National Museum of the American
Indian Commemorative Coin
Act of 2000
BILL PURPOSE: Requires the Secretary of the
Treasury to mint coins in
commemoration of the National Museum of the American Indian of the Smithsonian
Institution.
OMB ESTIMATE: P.L. 106-375 requires
the Secretary of the Treasury to mint and issue
$1 silver coins in 2001 to commemorate the opening of
the National Museum of the
American Indian. The law requires the Government to incur no net cost. The sale price
of the coin will include a surcharge of $10, the face value, and the cost of producing and
issuing the coin. The surcharge receipts will be transferred to the museum. OMB
estimates that surcharges of about $2 million will be collected in FY 2001 and transferred
to the museum in FY 2002. In addition, the law authorizes the Secretary to obtain silver
from a defense stockpile. OMB estimates that the sale of silver from the stockpile will
increase offsetting collections by $1 million in FY 2001 and reduce the same amount of
collections in a later year when the stockpile is depleted.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
-3
2
0
0
0
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
-3
2
0
0
0
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
358
1,158
1,292
1,815
1,759
Receipt effect............
-8
-620
-699
-747
-786
-775
Net costs....................
42
978
1,857
2,039
2,601
2,534
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.
