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The web site is no longer updated and links to external web sites and some internal pages will not work.
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The web site is no longer updated and links to external web sites and some internal pages will not work.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.106-362 (H.R. 1695)
BILL TITLE: Ivanpah Valley Airport Public Lands
Transfer Act
BILL PURPOSE: Conveys approximately 6,400
acres of federal lands in Ivanpah Valley,
Nevada to Clark County, Nevada for the purpose of developing an airport
facility.
OMB ESTIMATE: P.L. 106-362 provides
for the conveyance of land at fair market value
and authorizes the Department of Interior to spend the sale proceeds. The sale is
expected to occur in 2002, but the proceeds are not estimated to be spent until 2005.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
0
-6
0
0
2
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
0
-6
0
0
2
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
366
1,156
1,292
1,815
1,759
Receipt effect............
-8
-620
-699
-747
-786
-775
Net costs....................
42
986
1,855
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.
