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1 H.R. 1037, a Bill to Authorize the National Emergency Medical Services Memorial Foundation to Establish a Commemorative Work in the District of Columbia and Its Environs, and for Other Purposes 1 (May 4, 2018)

handle is hein.congrec/cbomaybh0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE C COST ESTIMATE May 4, 2018 H.R. 1037 A bill to authorize the National Emergency Medical Services Memorial Foundation to establish a commemorative work in the District of Columbia and its environs, and for other purposes As ordered reported by the House Committee on Natural Resources on April 18, 2018 H.R. 1037 would authorize the National Emergency Medical Services Memorial Foundation (a nonprofit organization) to establish a memorial in or near the District of Columbia to commemorate the commitment and service of first responders in medical emergencies. Because H.R. 1037 would prohibit the use of federal funds to establish the memorial, CBO estimates that implementing the bill would have no effect on spending subject to appropriation. The project would be subject to the requirements of the Commemorative Works Act. That act directs any entity that receives a permit to construct a memorial to donate to the National Park Foundation (a nonprofit organization whose subsequent donations to the National Park Service are recorded on the budget) an amount equal to 10 percent of the memorial's estimated construction costs. That donation and any project funds remaining after construction would be available for maintenance of the memorial without the need for appropriations. Based on the experience of similar commemorative projects, CBO expects that any amounts collected by the federal government for maintenance of the memorial would not be received for several years and would be offset by an expenditure soon thereafter. Thus, on net, CBO estimates that the effect on direct spending would be insignificant. Because enacting H.R. 1037 would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO estimates that enacting H.R. 1037 would not increase net direct spending or on- budget deficits in any of the four consecutive 10-year periods beginning in 2029.

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