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1 S. 3591, America's Water Infrastructure Act of 2020, as Reported by the Senate Committee on Environment and Public Works on May 11, 2020 1 (November 20, 2020)

handle is hein.congrec/cboawiar0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate Revised November 20, 2020 By Fiscal Year, Millions of Dollars 2021 2021-2025 2021-2030 Direct Spending (Outlays) 65 426 1,228 Revenues 0 Increase or Decrease (-) in the Deficit 65 -9 435 -100 1,328 The bill would * Authorize appropriations for 18 grant programs of the Environmental Protection Agency (EPA) to fund clean- water infrastructure projects and programs * Authorize appropriations for the Army Corps of Engineers to construct 29 new water infrastructure projects * Authorize appropriations for the subsidy cost of loans made under EPA's Water Infrastructure Finance and Innovation Act (WIFIA) program * Authorize the Corps to renegotiate the terms of deferred-payment agreements with nonfederal sponsors of eligible Corps projects Estimated budgetary effects would primarily stem from * Spending of amounts authorized to be appropriated to federal agencies 0 0 0 Losses of revenues from state and local governments' issuance of tax-exempt bonds Direct spending of estimated additional budget authority required for certain WIFIA loans Direct spending of estimated reduced payments to the Corps for amounts owed by nonfederal sponsors Areas of significant uncertainty include Projecting the number and size of WIFIA loans that would be awarded to nonfederal entities for federal projects Determining whether nonfederal sponsors of Corps projects would successfully renegotiate deferred-payment agreements and the duration of those negotiations This cost estimate was revised so that the estimated revenues reflect historical estimating conventions. Detailed estimate begins on the next page. 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/42994.

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