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1 H.R. 762, Streamlining Energy Efficiency for Schools Act, as Ordered Reported by the Senate Committee on Energy and Natural Resources on July 16, 2019 1 (September 16, 2019)

handle is hein.congrec/cbostrmsa0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate September 16, 2019 By Fiscal Year, Millions of Dollars 2019 2019=2024 2019=2029 Direct Spending (Outlays) 0 0 0 Revenues Increase or Decrease (=) in the Deficit 0 0 0 0 0 0 H.R. 762 would designate the Department of Energy as the lead agency to coordinate and disseminate information on existing federal programs that aim to help initiate, develop, and finance energy efficiency, renewable energy, and retrofit projects in schools. Using information about the cost of similar efforts, CBO estimates that implementing H.R. 762 would cost $2 million over the 2020-2024 period. Any spending would be subject to the availability of appropriated funds. Those costs would stem from coordinating and collaborating among federal agencies, providing technical assistance to states, and creating an online resource for schools. CBO estimates that the department would need three new employees to carry out these duties, at an annual cost of about $500,000. On September 13, 2019, CBO transmitted a cost estimate for S. 253, the Streamlining Energy Efficiency for Schools Act of 2019, as ordered reported by the Senate Committee on Energy and Natural Resources on July 16, 2019. The two pieces of legislation are similar, and CBO's estimate of their budgetary effects are the same. The CBO staff contact for this estimate is Madeleine Fox. The estimate was reviewed by H. Samuel Papenfuss Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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