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S. 1419, Marine and Hydrokinetic Renewable Energy Act of 2014 1 (November 21, 2014)

handle is hein.congrec/cbo2001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE November 21, 2014 S. 1419 Marine and Hydrokinetic Renewable Energy Act of 2014 As ordered reported by the Senate Committee on Energy and Natural Resources on November 13, 2014 SUMMARY S. 1419 would authorize appropriations for activities aimed at promoting the development of marine and hydrokinetic energy devices that produce energy from moving water. The bill also would authorize the Federal Energy Regulatory Commission (FERC) to issue licenses for pilot projects to test new hydrokinetic technologies. Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 1419 would cost $192 million over the 2015-2019 period. Pay-as-you-go procedures do not apply to this legislation because it would not affect direct spending or revenues. S. 1419 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 1419 is shown in the following table. The costs of this legislation fall within budget function 270 (energy). By Fiscal Year, in Millions of Dollars 2015- 2015 2016 2017 2018 2019 2019 CHANGES IN SPENDING SUBJECT TO APPROPRIATION Authorization Level 50 50 50 50 0 200 Estimated Outlays 12 30 50 50 50 192

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