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S. 1024, Great Lakes Restoration Initiative Act of 2016 1 (February 10, 2016)

handle is hein.congrec/cbo2754 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 10, 2016 S. 1024 Great Lakes Restoration Initiative Act of 2016 As ordered reported by the Senate Committee on Environment and Public Works on January 20, 2016 SUMMARY S. 1024 would authorize the appropriation of $1.5 billion over the 2017-2021 period for the Environmental Protection Agency (EPA) to support the Great Lakes Restoration Initiative, a program that funds projects targeting invasive aquatic species and nonpoint source pollution. The program received an appropriation of $300 million for fiscal year 2016. CBO estimates that implementing S. 1024 would cost $1.35 billion over the next five years, assuming appropriation of the authorized amounts. Enacting S. 1024 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 1024 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 1024 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of S. 1024 is shown in the following table. The costs of this legislation fall within budget function 300 (natural resources and environment).

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