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S. 1460, Energy and Natural Resources Act of 2017 1 (July 26, 2017)

handle is hein.congrec/cbo3687 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 July 26, 2017 Honorable Lisa Murkowski Chairman Committee on Energy and Natural Resources United States Senate Washington, DC 20510 Re: Cost estimate for an amendment in the nature of a substitute to S. 1460, the Energy and Natural Resources Act of 2017 (FLO] 7512). Dear Madam Chairman: As you requested, the Congressional Budget Office (CBO) has reviewed an amendment in the nature of a substitute to S. 1460, the Energy and Natural Resources Act of 2017 (FLO175 12), provided to CBO on July 18, 2017. CBO estimates that enacting the legislation would increase net direct spending by $614 million over the 2018-2021 period. Under requirements established in section 3207 of the Concurrent Resolution on the Budget for Fiscal Year 2016, which specifies an alternative method for determining budgetary effects in the Senate, CBO estimates that the legislation would reduce spending by $16 million. The legislation would amend current law and authorize appropriations for a broad range of activities administered primarily by the Department of Energy (DOE) and the Department of the Interior. It would expand and extend federal agencies' authority to use energy savings performance contracts (ESPCs) and utility energy service contracts (UESCs)-specific types of long-term contracts-to invest in energy conservation measures and services. The bill also would permit the Bureau of Land Management (BLM) to spend, without further Congressional action, proceeds from sales of certain federal lands; rescind unobligated funds that were provided for loan guarantees under Title 17 that were originally designated as an emergency requirement; and authorize certain land transfers and conveyances.

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