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The web site is no longer updated and links to external web sites and some internal pages will not work.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The web site is no longer updated and links to external web sites and some internal pages will not work.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.106-469 (H.R. 2884)
BILL TITLE: Energy Act of 2000
BILL PURPOSE: (1) Reauthorizes through FY 2003, authority to manage the Strategic
Petroleum Reserve; (2) Authorizes a Northeast Home Heating Oil Reserve; (3) Extends
through FY 2003, antitrust exemptions for U.S. oil companies participating in certain
International Energy Agency activities; (4) Removes certain hydroelectric power projects
from Federal jurisdiction; and (5) Provides for the establishment of a National Oilheat
Research organization.
OMB ESTIMATE: P.L.106-469
establishes the National Oilheat Research Alliance in
2002, as a Federal entity. Annual receipts from fuel oil sold in the retail market are
expected to be matched by similar increases in outlays.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Outlays......................................
0
0
14
14
14
14
Receipts....................................
0
0
14
14
14
14
Net costs...............
0
0
*
*
*
*
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Outlays......................................
0
0
14
14
14
14
Receipts....................................
0
0
14
14
14
14
Net costs...............
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
1,392
2,470
7,109
7,841
8,035
Receipt effect............
-8
-689
-794
-856
-908
-910
Net costs....................
42
2,081
3,264
7,965
8,749
8,945
*$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.
