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S. 1144, Soda Ash Competition Act 1 (June 6, 2012)

handle is hein.congrec/cbo10750 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 6, 2012 SUMMARY S. 1144 would require the Department of the Interior (DOI) to charge a 2 percent royalty on the value of soda ash produced on federal lands through 2016. Under current law, CBO expects that the royalty rate would remain at 6 percent over that period. CBO estimates that implementing S. 1144 would reduce net federal offsetting receipts from soda ash royalties by $75 million over the 2013-2016 period; therefore, pay-as-you-go procedures apply. Enacting S. 1144 would not affect revenues. S. 1144 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of S. 1144 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment). By Fiscal Year, in Millions of Dollars 2013- 2013- 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2017 2022 CHANGES IN DIRECT SPENDING Estimated Budget Authority 30 15 15 15 0 0 0 0 0 0 75 75 Estimated Outlays 30 15 15 15 0 0 0 0 0 0 75 75 BASIS OF ESTIMATE For this estimate, CBO assumes that the legislation will be enacted near the end of 2012. ab04 S. 1144 Soda Ash Competition Act As introduced on June 6, 2011

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