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H.R. 4097 John F. Kennedy Center Reauthorization Act of 2012 1 (March 21, 2012)

handle is hein.congrec/cbo10721 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE March 21, 2012 H.R. 4097 John F. Kennedy Center Reauthorization Act of 2012 As ordered reported by the House Committee on Transportation and Infrastructure on March 8, 2012 SUMMARY H.R. 4097 would authorize a total of $72 million to be appropriated for fiscal years 2013 and 2014 for the Kennedy Center's maintenance, repair, and security and for capital projects for the center. In addition, the bill would authorize the construction of an expansion project at the center that would be financed with nonappropriated funds. Assuming appropriation of the authorized amounts, CBO estimates that implementing H.R. 4097 would cost $71 million over the 2013-2017 period. Pay-as-you-go procedures do not apply to this legislation because enacting it would not affect direct spending or revenues. H.R. 4097 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 4097 is shown in the following table. The costs of this legislation fall within budget function 500 (education, training, employment, and social services).

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