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S. 491, Brownfields Utilization, Investment, and Local Development Act of 2013 1 (April 10, 2014)

handle is hein.congrec/cbo1533 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 10, 2014 S. 491 Brownfields Utilization, Investment, and Local Development Act of 2013 As ordered reported by the Senate Committee on Environment and Public Works on April 3, 2014 SUMMARY S. 491 would authorize the appropriation of $250 million annually for 2015 and 2016 for the Environmental Protection Agency (EPA) to provide brownfields cleanup grants and programs. (Brownfields are properties where the presence, or potential presence, of a hazardous substance complicates the expansion or redevelopment of the property.) Assuming appropriation of the authorized amounts, CBO estimates that implementing S. 491 would cost $500 million over the 2015-2019 period. Pay-as-you-go procedures do not apply to this legislation because the bill would not affect direct spending or revenues. S. 491 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 effect of S. 491 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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