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1 H.R. 2088, a Bill to Amend the Energy Independence and Security Act of 2007 to Reauthorize the Energy Efficiency and Conservation Block Grant Program, and for Other Purposes 1 (October 16, 2019)

handle is hein.congrec/cboanrgin0001 and id is 1 raw text is: Congressional Budget Office S'/Cost Estimate my -scal iear, i-llisons o r voniars Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit 2020 2020-2024 0 0 0 0 October 16, 2019 2020-2029 0 0 0 0 0 H.R. 2088 would reauthorize the Energy Efficiency and Conservation Block Grant Program. The block grant program awards grants for projects that increase energy efficiency or expand access to alternative fuels. H.R. 2088 would authorize the appropriation of $3.5 billion each year over the 2020-2024 period. That program received $2.3 billion in 2009, the most recent year in which appropriations were provided. Using information from the Department of Energy and based on the spending pattern of the previous appropriation, CBO estimates that implementing H.R. 2088 would cost $7.5 billion over the 2020-2024 period and $10.0 billion after 2024, assuming appropriation of the authorized amounts. The costs of the legislation, detailed in Table 1, fall within budget function 270 (energy). By Fiscal Year, Millions of Dollars 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Authorization 3,500 3,500 3,500 3,500 3,500 0 0 0 Estimated Outlays 35 210 1,260 2,660 3,360 3,465 3,290 2,240 0 0 840 140 The CBO staff contact for this estimate is Madeleine Fox. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. 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!42904.

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