Report No: 528
Date: 11/27/2000

OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS

1. LAW NUMBER: P.L.106-392 (H.R. 2348)
2. BILL TITLE: Cost Sharing for the Endangered Fish Recovery Implementation Programs for the Upper Colorado and San Juan River Basins
3. BILL PURPOSE: (1) Authorizes combined Federal and non-Federal expenditures, not to exceed $100 million during FY's 2001-2007, for capital projects for the endangered fish recovery implementation programs for the Upper Colorado River and San Juan River Basins in the States of Colorado, Utah, Wyoming, and New Mexico; (2) Authorizes appropriations of $46 million for the Federal share of those projects and requires the other $54 million to be contributed by non-Federal entities; and (3) Authorizes the use of $60 million in Federal power revenues for operational funding for the programs.
4. OMB ESTIMATE: P.L. 106-392 provides for the use of two funding sources for program activities which include borrowing from the state of Colorado, and the use of proceeds from electricity sales.

 

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs...............	0	8	8	10	9	8

 

5. CBO ESTIMATE:

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Net costs...............	0	8	8	10	9	9

 

6. EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:

The difference in FY 2005 between OMB and CBO's PAYGO estimates is the result of different assumptions about the rate of inflation.

7. CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:

	(Fiscal years; in millions of dollars)
	2000	2001	2002	2003	2004	2005
Outlay effect..............	34	768	1,192	1,310	1,838	1,785
Receipt effect............	-8	-620	-699	-747	-786	-775
Net costs....................	42	1,388	1,891	2,057	2,624	2,560

NOTE: The cumulative effect of direct spending and revenue legislation enacted to date is currently estimated to result in an end-of-session sequester. The Administration looks forward to working with the Congress to ensure that an unintended sequester does not occur.