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1 S. 1142, J. Bennett Johnston Waterway Hydropower Extension Act of 2018 1 (June 13, 2018)

handle is hein.congrec/jbjwwhx0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE U COST ESTIMATE June 13, 2018 S. 1142 J. Bennett Johnston Waterway Hydropower Extension Act of 2018 As ordered reported by the Senate Committee on Energy and Natural Resources on May 17, 2018 CBO estimates that implementing S. 1142 would have no net effect on the federal budget. The bill would authorize the Federal Energy Regulatory Commission (FERC) to reinstate the license and extend the deadline for beginning construction of three hydroelectric projects: numbers 12756 and 12757 (located in Catahoula Parish, Louisiana) and number 12758 (located in Bossier Parish, Louisiana). The proposed extensions could have a minor effect on FERC's workload; however, because FERC recovers 100 percent of its costs through user fees, any change in that agency's costs (which are controlled through annual appropriation acts) would be offset by an equal change in fees that the commission charges, resulting in no net change in federal spending. Enacting S. 1142 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting S. 1142 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. S. 1142 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Megan Carroll. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis

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