OMB COST ESTIMATE FOR PAY-AS-YOU-GO CALCULATIONS

Report No: 516
Date: 11/01/2000

OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS

  1. LAW NUMBER: P.L.106-298 (H.R. 2752)

  2. BILL TITLE: Lincoln County Land Act of 2000

  3. BILL PURPOSE: (1) Provides for the orderly disposal of certain public land in Lincoln County in a competitive bidding process, and (2) Provides for the acquisition of environmentally sensitive land in the State of Nevada.

  4. OMB ESTIMATE: P.L. 106-298 provides for an accelerated disposal of lands that had previously been identified for disposal. It authorizes the Bureau of Land Management to keep the receipts from such land sales for use in the purchase of new lands. The net cost is expected to be insignificant.

    5. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs.................. 0 * * * * *

  5. CBO ESTIMATE:
    6. (Fiscal years; in millions of dollars)
    2000 2001 2002 2003 2004 2005
    Net costs................... 0 -3 1 0 2 2

  6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

    7. The difference between OMB and CBO's PAYGO estimates is the result of different assumptions regarding the baseline estimate for receipts deposited in the Treasury under current law.

  7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
    8. (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.



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