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S. 714, Yakima River Basin Water Enhancement Project Phase III Act of 2017 1 (May 15, 2017)

handle is hein.congrec/cbo3540 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE May 15, 2017 S.714 Yakima River Basin Water Enhancement Project Phase III Act of 2017 As ordered reported by the Senate Committee on Energy and Natural Resources on March 30, 2017 SUMMARY S. 714 would expand the purposes of federal water projects in the Yakima River Basin in the State of Washington. Those expansions would aim to increase the amount of water available for communities and irrigation systems during drought years and to restore fish populations, wetlands, and ecosystems in the basin. The bill also would direct the Bureau of Reclamation (BOR) to develop plans to construct projects in the region. Based on information from BOR, CBO estimates that implementing the legislation would cost $59 million over the 2018-2022 period and about $240 million after 2022, assuming appropriation of the authorized and necessary amounts. Enacting S. 714 could affect direct spending if nonfederal partners contribute funds for BOR to construct certain local projects; therefore, pay-as-you-go procedures apply. However, CBO estimates that the net effect of collecting and spending such contributions would be negligible. Enacting S. 714 would not affect revenues. CBO estimates that enacting the bill would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 714 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 effects of S. 714 are shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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