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S. 284, Fort Sumner Project Title Conveyance Act [i] (June 7, 2013)

handle is hein.congrec/cbo11126 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE 0o COST ESTIMATE June 7, 2013 S. 284 Fort Sumner Project Title Conveyance Act As ordered reported by the Senate Committee on Energy and Natural Resources on May 16, 2013 S. 284 would direct the Secretary of the Interior to convey the title of the Fort Sumner Project, including the diversion dam and all associated features, to the Fort Sumner Irrigation District. Based on information from the Bureau of Reclamation, enacting the legislation also would end the repayments the district makes to the U.S. Treasury for certain costs of the project. CBO estimates that those repayments will total about $550,000 under current law over the 2014-2023 period. Because enacting the legislation would decrease offsetting receipts, which are treated as reductions in direct spending, pay-as-you-go procedures apply. The legislation would not affect revenues. The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. S. 284 would decrease offsetting receipts (thus, increasing direct spending) beginning in 2014, for a total cost of $550,000 through 2023. CBO Estimate of the Statutory Pay-As-You-Go Effects for S. 284 as ordered reported by the Senate Committee on Energy and Natural Resources on May 16, 2013 By Fiscal Year, in Millions of Dollars 2013- 2013- 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2018 2023 NET INCREASE OR DECREASE (-) IN THE DEFICIT Statutory Pay-As-You-Go Impact 0 0 0 0 0 0 0 0 0 0 0 0 5. 284 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments. The CBO staff contact for this estimate is Aurora Swanson. The estimate was approved by Theresa Gullo, Deputy Assistant Director for Budget Analysis.

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