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1 H.R. 5859, Education and Energy Act of 2018 1 (October 31, 2018)

handle is hein.congrec/cboedeg0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE October 31, 2018 H.R. 5859 Education and Energy Act of 2018 As ordered reported by the House Committee on Natural Resources on June 27, 2018 SUMMARY H.R. 5859 would require the Department of the Interior (DOI) to make payments to states and counties from certain mineral receipts that otherwise would be deposited in the Treasury. Using information provided by DOI, CBO estimates that enacting the bill would increase direct spending by $200 million over the 2019-2028 period; therefore, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 5859 would not increase net direct spending or on- budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2029. H.R. 5859 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would benefit states by increasing the royalties they receive from resource production on federal lands. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 5859 is shown in the following table. The costs of the legislation fall within budget function 300 (natural resources and environment). By Fiscal Year, in Millions of Dollars 2019- 2019- 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2023 2028 INCREASES IN DIRECT SPENDING Estimated Budget Authority 15 20 20 20 20 20 20 20 20 25 95 200 Estimated Outlays 15 20 20 20 20 20 20 20 20 25 95 200 a

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