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S. 129, National Sea Grant College Program Amendments Act of 2017 1 (February 14, 2017)

handle is hein.congrec/cbo3348 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 14, 2017 S. 129 National Sea Grant College Program Amendments Act of 2017 As ordered reported by the Senate Committee on Commerce, Science, and Transportation on January 24, 2017 SUMMARY S. 129 would authorize appropriations totaling $550 million over the 2017-2022 period for the National Oceanic and Atmospheric Administration (NOAA) to carry out the National Sea Grant College Program. That program funds scientific research, education, and public outreach related to marine issues at certain universities. CBO estimates that $70 million of that amount has already been appropriated, on an annualized basis, for 2017. Assuming appropriation of the authorized amounts above those already appropriated, CBO estimates that implementing the legislation would cost $427 million over the 2017- 2022 period. Because enacting the legislation would not affect direct spending or revenues, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 129 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 129 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 impact of S. 129 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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