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S. 26, Bonneville Unit Clean Hydropower Facilitation Act 1 (April 1, 2013)

handle is hein.congrec/cbo11023 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 1, 2013 S.26 Bonneville Unit Clean Hydropower Facilitation Act As ordered reported by the Senate Committee on Energy and Natural Resources on March 14, 2013 SUMMARY CBO expects that enacting S. 26 would lead to the development of hydropower facilities at the Diamond Fork Project in Utah by a nonfederal entity within a few years, sooner than expected under current law. Based on information from the Bureau of Reclamation, CBO estimates that the federal government would receive payments from the hydropower developer of about $4 million over the 2014-2023 period. Enacting the bill would decrease direct spending (by increasing offsetting receipts); therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. S. 26 contains no intergovernmental or private-sector mandates as defined in Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The costs of this legislation fall within budget function 300 (natural resources and environment). CBO estimates that enacting S. 26 would increase offsetting receipts by $600,000 a year beginning in 2018; collections would total about $4 million over the 2018-2023 period. BASIS OF ESTIMATE Based on information from the Bureau of Reclamation, CBO expects that under current law the federal government is unlikely to develop the hydropower resources of the

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