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OMB COST ESTIMATE FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 530
Date: 11/27/2000
OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
LAW NUMBER: P.L.106-393 (H.R. 2389)
BILL TITLE: Secure Rural Schools and Community
Self-Determination Act of 2000
BILL PURPOSE: (1) Allows eligible States and counties
to elect to receive a Federal payment,
rather than a share of revenues generated from Federal lands, to fund schools and roads; (2)
prohibits the reduction of the States' share of on-shore mineral royalties to offset Federal
administrative costs; and (3) authorizes a community forest restoration project in the State of
New Mexico.
OMB ESTIMATE: P.L. 106-393 allows States and counties to elect to receive a fixed Federal
payment, in lieu of a share of revenues generated from Federal lands, through FY 2006. OMB
estimates that the new fixed payments will increase payments to States and counties by $919
million over the 2001-2005 period. The law also prohibits the Federal Government from
deducting administrative costs from the States' share of on-shore leasing royalties. OMB
estimates that the royalty payments to States will increase by $111 million over the five-year
period.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
21
242
258
251
258
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
21
256
270
277
282
EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
The difference between OMB and CBO estimates is the result of CBO's lower baseline
estimates of payments to States and counties.
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
789
1,434
1,568
2,089
2,043
Receipt effect............
-8
-620
-699
-747
-786
-775
Net costs....................
42
1,409
2,133
2,315
2,875
2,818
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.