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The web site is no longer updated and links to external web sites and some internal pages will not work.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The web site is no longer updated and links to external web sites and some internal pages will not work.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.106-280 (H.R. 4919)
BILL TITLE: Security Assistance Act of
2000
BILL PURPOSE: (1) authorizes
appropriations for FY's 2001 and 2002 for security
assistance programs; (2) authorizes the transfer of specified excess naval vessels to certain
foreign countries; and (3) makes a number of policy, programmatic, and technical changes
to laws affecting U.S. security assistance.
OMB ESTIMATE: P.L. 106-280 authorizes
the Secretary of Defense to transfer obsolete or
surplus defense articles in the War Reserve Stockpile for Allies to Israel for cash or
concessions to be negotiated by the Secretary. As a result, OMB estimates that sales
receipts will increase by negligible amounts until the authority expires in FY 2004. The
law also waives Colombia's payment of certain charges
associated with the 1999 sale of
five helicopters. OMB estimates that the waived charges will total $1 million in FY
2001.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Net costs.................
0
1
-*
-*
0
0
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Net costs...........
0
6
5
5
0
0
EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
CBO estimates that the obsolete or surplus defense articles would be sold to Israel under
current law. CBO now expects that the Department of Defense will barter with Israel, and
therefore, scores foregone collections of $5 million per year. OMB assumes that Israel
would not purchase these items under current law. OMB expects that the Department will
sell these items to Israel under the new authority, and estimates negligible savings from the
sale each year.
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
538
1,329
1,355
1,464
1,531
Receipt effect............
-8
-620
-698
-746
-781
-768
Net costs..................
42
1,158
2,027
2,101
2,245
2,299
* $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.
