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S. 834, Sport Fish Restoration and Recreational Boating Safety Act 1 (April 6, 2015)

handle is hein.congrec/cbo2134 and id is 1 raw text is: 





                   CONGRESSIONAL BUDGET OFFICE
                                 COST ESTIMATE

                                                                    April 6, 2015


                                    S. 834
       Sport Fish Restoration and Recreational Boating Safety Act

             As ordered reported by the Senate Committee on Commerce,
                           Science, and Transportation
                               on March 25, 2015


S. 834 would change the current formula used to distribute funds from the Sport Fish
Restoration and Boating Trust Fund (SFRBTF) to various programs through 2023.

The legislation would adjust the allocation of amounts that could be spent from the
SFRBTF among programs related to sport fish restoration, boating safety, and coastal
wetlands restoration under the Federal Aid Sport Fish Restoration Act, but would not
affect the total amount available to be spent from the fund.

Grants for coastal wetland projects, sport fish restoration, and boating safety are financed
by excise taxes and other collections deposited into the SFRBTF. Each program receives
direct spending authority equal to an allocation of the fund's income that is specified in
law. CBO estimates that changing the allocation would have a minor effect on the total
rate of spending. Because enacting S. 834 would affect direct spending, pay-as-you-go
procedures apply; however, CBO estimates that any change in direct spending would be
insignificant. Enacting the bill would not affect revenues.

S. 834 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 Marin Burnett. The estimate was approved by
Theresa Gullo, Assistant Director for Budget Analysis.

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