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S. 730, a Bill to Extend the Deadline for Commencement of Construction of Certain Hydroelectric Projects 1 (April 6, 2017)

handle is hein.congrec/cbo3489 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 6, 2017 S. 730 A bill to extend the deadline for commencement of construction of certain hydroelectric projects As ordered reported by the Senate Committee on Energy and Natural Resources on March 30, 2017 CBO estimates that implementing S. 730 would have no net effect on the federal budget. The bill would authorize the Federal Energy Regulatory Commission (FERC) to reinstate the licenses and extend the deadline for beginning construction of two hydroelectric projects in Virginia: the Gathright Hydroelectric Project (number 12737) and the Flannagan Hydroelectric Project (number 12740). The proposed extensions could have a minor effect on FERC's workload; however, because FERC recovers 100 percent of its costs through user fees, any change in that agency's costs (which are controlled through annual appropriation acts) would be offset by an equal change in fees that the commission charges, resulting in no net change in federal spending. Enacting S. 730 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 730 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028. S. 730 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 Megan Carroll. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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