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1 1 (2019)

handle is hein.congrec/offwindta0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate May 28, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019=2029 Direct Spending (Outlays) 0 0 -28 Revenues 0 0 0 Deficit Effect The bill would authorize * Auctions of leases for wind and mineral development off the coast of certain U.S. territories and possessions * Spending of a portion of the income for payments to those jurisdictions (without further appropriation) and for activities administered by the Coastal Reef Conservation Fund (subject to appropriation) * Spending to conduct auctions and study such offshore wind resources, subject to appropriation Estimated budgetary effects would primarily stem from increasing * Collection of offsetting receipts from offshore energy and mineral leases * Spending subject to appropriation for administrative expenses related to new leasing activities and for the Coastal Reef Conservation Fund Areas of significant uncertainty include * The technical and economic feasibility of developing offshore wind and mineral resources in the affected areas * The amounts companies would be willing to pay to for leases to develop offshore wind resources * The timing of auctions Detailed estimate begins on the next page. See also CBO's Cost Estimates Explained, www.cbo.gov/publicationi54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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