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1 S. 1730, a Bill to Direct the Administrator of the National Oceanic and Atmospheric Administration to Make Grants to State and Local Governments and Nongovernmental Organizations for Purposes of Carrying out Climate-Resilient Living Shoreline Projects That Protect Coastal Communities by Supporting Ecosystem Functions and Habitats with the Use of Natural Materials and Systems, and for Other Purposes, as Ordered Reported by the Senate Committee on Commerce, Science, and Transportation on July 22, 2020 1 (October 29, 2020)

handle is hein.congrec/cboadno0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate October 29, 2020 By Fiscal Year, Millions of Dollars 2021 2721-2O25 221-2O3O Direct Spending (Outlays) Revenues increase or Decrease (-) in the Deficit 0 0 0 0 0 0 0 0 0 S. 1730 would amend the National Sea Grant College Act and the Coastal Zone Management Act of 1972 to authorize the appropriation of $50 million annually over the 2021-2024 period for the National Oceanic and Atmospheric Administration to provide grants to states and university partners to research, design, and implement projects that restore or stabilize shorelines using nature-based approaches. Using historical spending patterns for similar grant programs, CBO estimates that implementing S. 1730 would cost $174 million over the 2021-2025 period and $26 million after 2025, assuming appropriation of the authorized amounts. The costs of the legislation, detailed in Table 1, fall within budget function 300 (natural resources and environment). See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/429O4.

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