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S. 822, Brownfields Utilization, Investment, and Local Development Act of 2017 1 (August 17, 2017)

handle is hein.congrec/cbo3670 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE a COST ESTIMATE August 17, 2017 S. 822 Brownfields Utilization, Investment, and Local Development Act of 2017 As ordered reported by the Senate Committee on Environment and Public Works on July 12, 2017 S. 822 would authorize the appropriation of $250 million annually over the 2018-2020 period for the Environmental Protection Agency (EPA) to provide grants to clean up brownfields and to support state brownfield programs. (Brownfields are properties where the presence, or potential presence, of a hazardous substance complicates the use or redevelopment of the property.) Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 822 would cost $702 million over the 2018-2022 period; the remainder would be spent in years after 2022. Enacting S. 822 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 822 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 822 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. 822 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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