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S. 65, Hawaiian Homeownership Opportunity Act of 2011 1 (October 23, 2012)

handle is hein.congrec/cbo10925 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 23, 2012 S.65 Hawaiian Homeownership Opportunity Act of 2011 As ordered reported by the Senate Committee on Indian Affairs on September 20, 2012 SUMMARY S. 65 would reauthorize the Native Hawaiian Housing Block Grant and Loan Guarantee programs and would authorize the appropriation of such sums as necessary for those programs for each fiscal year through 2015. In addition, the bill would authorize loans provided under title VI of the Native American Housing Assistance and Self- Determination Act of 1996 for each fiscal year through 2015 and would expand eligibility for that program to include the Department of Hawaiian Home Lands (DHHL). CBO estimates that appropriation of the amounts necessary to implement S. 65 would result in outlays of $33 million over the 2013-2017 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. The bill 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. 65 is shown in the following table. The costs of this legislation fall within budget functions 600 (income security) and 370 (commerce and housing credit).

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