About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 Direct Spending and Revenue Effects of H.R. 8, the America's Water Infrastructure Act of 2018 1 (July 10, 2018)

handle is hein.congrec/cbodsrev0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 July 10, 2018 Honorable John Barrasso Chairman Committee on Environment and Public Works United States Senate Washington, DC 20510 Dear Mr. Chairman: CBO has prepared an estimate of the direct spending and revenue effects of H.R. 8, the America's Water Infrastructure Act of 2018, as posted on the website of the Committee on Environment and Public Works on July 9, 2018, with an amendment in the nature of a substitute. CBO estimates that enacting H.R. 8 would decrease direct spending by $1 million over the 2019-2028 period. The legislation would authorize the U.S. Army Corps of Engineers (Corps) to construct projects to improve navigation and flood management, to mitigate storm and hurricane damage, and to restore aquatic ecosystems. The bill also would authorize the Environmental Protection Agency to provide grants and loans to state and local governments, public water systems, and other entities to support a wide range of water infrastructure projects and programs to improve water quality. The legislation would increase offsetting receipts (which are treated as reductions in direct spending) in 2020 by authorizing the Corps to convey nine acres of federal land to the city of Nashville, Tennessee, in exchange for the fair market value of the property. Using information from the Corps, CBO estimates sale proceeds would total about $1 million. Because the legislation would affect direct spending pay-as-you-go procedures apply. Enacting the legislation would not affect revenues. Enacting the legislation would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2029. The legislation would affect spending subject to appropriation, but CBO has not completed an estimate of those costs.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most