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1 S. 2610, Tribal Energy Reauthorization Act, as Ordered Reported by the Senate Committee on Indian Affairs on July 29, 2020 1 (November 6, 2020)

handle is hein.congrec/cboteng0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate November 6, 2020 By Fiscal Year, Millions of Dollars 2021 2021-2025 2021-2030 Direct Spending (Outlays) 0 0 0 Revenues Increase or Decrease (-) in the Deficit 0 0 0 0 0 0 S. 2610 would authorize the appropriation of $50 million annually over the 2021-2030 period for programs sponsored by the Department of Energy's (DOE's) Office of Indian Energy. Under those programs, the agency would provide grants and technical assistance to Native American tribes, intertribal organizations, and tribal energy development organizations for energy efficiency programs, electric infrastructure projects, and other related activities. The bill also would expand eligibility for assistance under those programs, amend cost-sharing requirements, and require DOE to develop a strategy on Native American energy in the Arctic. In addition, S. 2610 would authorize the appropriation of $30 million annually over the 2021-2030 period for DOE's Tribal Energy Loan Guarantee Program (TELGP), which partially guarantees loans issued to tribal organizations for energy development activities. The bill would expand eligibility for the program and would require DOE to report to the Congress on program implementation. Using information from the department, CBO estimates that $4 million per year would be needed for administrative costs; the remaining $26 million would be available to cover subsidy costs each year.1 1. Under the Federal Credit Reform Act of 1990, the subsidy cost of a loan guarantee is the net present value of estimated payments by the government to cover defaults and delinquencies, interest subsidies, or other expenses, offset by any payments to the government, including origination fees, other fees, penalties, and recoveries on defaulted loans. Such subsidy costs are calculated by discounting those expected cash flows using the rate on Treasury securities of comparable maturity. The resulting estimated subsidy costs are recorded in the budget when the loans are disbursed. 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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